In a press release, the groups highlighted the links between Citigroup—which has lobbied extensively on the TPP, TTIP, and Fast Track authority—and Froman, who they note “received a more than $4 million golden parachute from Citigroup upon leaving the large financial institution to join the Obama administration in 2009.”
In particular, the letter’s signatories are concerned that provisions in proposed trade agreements like the Trans-Pacific Partnership (TPP) or the TransAtlantic Trade & Investment Partnership (TTIP) would weaken or rollback existing U.S. financial regulations, for the benefit of big banks.
– From the Common Dreams article: Is US Trade Rep a Wall Street Crony? Groups Demand Transparency.
No one is pushing harder to pass the multi-national corporate giveaway masquerading as a free trade deal, known as the Trans-Pacific Partnership (TPP), than Obama’s top trade representative, Michael Froman. Therefore, we probably should know a little bit about him. What do you know? Probably not much.
Here’s something you should know. From the New York Times:
The disclosure forms also shed further light on the compensation received by a top Obama aide who previously worked for Citigroup, one of the largest recipients of taxpayer bailout money. The aide, Michael Froman, deputy national security adviser for international economic affairs, received more than $7.4 million from the company from January 2008 to when he joined the White House this year [2009].
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