Sunday, November 8, 2015

Isn't That Handy?

Banks and other financial institutions would be able to use provisions in the proposed Trans-Pacific Partnership to block new regulations that cut into their profits, according to the text of the trade pact released this week.

  The Intercept
So, it's pretty much assured that this horrible deal will pass.
In what may be the biggest gift to banks in a deal full of giveaways to Hollywood, the drug industry and technology firms, financial institutions would be able to appeal any national rules they didn’t like to independent, international tribunals staffed by friendly corporate lawyers.

That could nullify a proposal by Hillary Clinton to impose a “risk fee” on financial firms — or the Elizabeth Warren/Bernie Sanders plan to reinstate the firewall between investment and commercial banks.
And I'm sure they know that.
Here are some of the words [Hillary Clinton] used to describe the TPP before she left the State Department in 2013: "exciting," "innovative," "ambitious," "groundbreaking," "cutting-edge," "high-quality," "high-standard" and "gold standard."

[...]

[At the conclusion of the TPP negotiations] Clinton promptly announced that she opposes the deal.

"As of today, I am not in favor of what I have learned about it," she said in an

Oct. 8 interview with PBS Newshour’s Judy Woodruff, adding, "I don’t believe it’s going to meet the high bar I have set." This stance has some people scratching their heads, because she praised the negotiations while serving as secretary of state.

  Politifact
Well, she did say "as of today."

And Bernie...
"Now that the text of the Trans-Pacific Partnership has finally been released, it is even worse than I thought. It is clear to me that the proposed agreement is not, nor has it ever been, the gold standard of trade agreements.

[...]

"I will do everything I can to defeat the TPP."

  Bernie sanders


...but hey, do what you want...you will anyway.

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