Michael Froman Citigroup

Must Read of the Day – ‘The Most Important WikiLeaks Revelation’

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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 How Obama’s Top Trade Representative, Michael Froman, Received Millions from Citigroup During the Financial Crisis

As many people have accurately noted, what’s far more important than the President him or herself, is the people who end up surrounding the executive. These are the people who will formulate and implement various policies of national importance, particularly when it comes to enforcing, or not enforcing, the rule of law (Justice Department) and whether or not to start yet another war (Congress has abdicated its Constitutional role).

Indeed, appointing Eric Holder to head up the Department of Justice guaranteed that Wall Street criminals would never be prosecuted and led to America’s justice system rapidly devolving into Banana Republic territory.

So how did Obama end up choosing the various banker-coddling professional cronies to make up his administration? The Wikileaks Podesta email leak shines a very disturbing light upon the process, which was led by then Citigroup executive, Michael Froman. Moreover, as current U.S. trade representative, this ex-TBTF bank executive is currently the nation’s top proponent of the sovereignty-killing Trans Pacific Partnership (TPP) agreement.

As David Dayen reports over at the New Republic:

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America’s Most Wanted Secret – Wikileaks is Raising $100K Reward for Leaked Drafts of the TPP

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The only real information we have about the shady corporate giveaway known as the Trans Pacific Partnership (TPP), is via three chapters released by Wikileaks. Now, the whistleblower organization is raising $100,000 as a reward for additional leaked draft chapters. From Wikileaks.org:

America’s most wanted secret. The TPP is a multi-trillion dollar international treaty that is being negotiated in secret by the US, Australia, Canada, Japan, Mexico and others. This massive agreement has 29 chapters, of which 26 are still secret. It covers 40% of global GDP and is the largest agreement of its kind in history. The treaty aims to create a new international legal regime that will allow transnational corporations to bypass domestic courts, evade environmental protections, police the internet on behalf of the content industry, limit the availability of affordable generic medicines, and drastically curtail each country’s legislative sovereignty. US Senator Elizabeth Warren has said “[They] can’t make this deal public because if the American people saw what was in it, they would be opposed to it.” Over the last two years WikiLeaks has published three chapters of this super-secret global deal, despite unprecedented efforts by negotiating governments to keep it under wraps. The remaining 26 chapters of the deal are closely held by negotiators and the big corporations that have been given privileged access. The TPP is also noteworthy as the icebreaker agreement for the proposed ‘T-treaty triad’ of TPP-TISA-TTIP which would see TPP style rules placed on 53 nations, 1.6 billion people and 2/3rds of the global economy.

$24,000 has already been raised, which is pretty impressive considering I only heard about the campaign this morning.

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