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June 2, 2016

Money Merry-Go-Round: Emails Show How Wall Street Execs and Alums Crafted Trade Bill

“Foreign corporations could sue to undermine US protections for consumers’ health, safety and financial security under a provision added to the proposed Trans-Pacific Partnership trade deal (TPP) after executives of big banks pressed the nation’s chief trade negotiator, himself a former big-bank executive, to include it.

“A series of emails, obtained under the Freedom of Information Act and released last week by Rootstrikers, an organization that opposes the trade deal now pending before Congress, confirm the push by financial service companies for the “Investor-State Dispute Settlement” provision.”

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“They’re written as if they are being sent between colleagues,” says Dennis Kelleher of the watchdog group Better Markets. “That’s because the writers all have been, currently are or will be colleagues at major Wall Street firms.”

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To read the full Moyers article by Kathy Kiely click here.
 

 
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