Wednesday, May 11, 2016

Member of the Obama administration publicly admits TTIP meant to protect bank fraud

Last year, Wikileaks published a section of the Trans-Pacific Partnership (TPP) agreement which outlined how the super secret trade deal was written to give sovereign power to corporate entities.  Now on May 7, a member of the Obama administration, the Italian Ambassador John Philips, let slip that the European version of TPP (The Trans-Atlantic Trade and Investments Partnership – TTIP) needs to be signed quickly by EU nations so that corporate banks can be protected from foreign and civil lawsuits tied to the bank’s mortgage fraud and other crimes.
In essence, the TTIP would allow corporations to engage in criminal activity, with no repercussions from either the American or foreign legal systems.

ttip

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