Obama’s secret trade deals (first ObamaTrade and now TTIP) are already rigged in favor of global elitists and mega corporations.
Now the Obama Administration seems to be saying that unless TTIP is passed into law, Europe’s megabanks (and the U.S. bond-rating agencies, S&P, Moody’s and Fitch) will be able successfully to be sued by cheated investors, just as has been happening with such American banks as JPMorgan/Chase and Goldman Sachs in the United States, which — since TTIP hasn’t yet been in force anywhere, including in the U.S. — were forced to pay billions to cheated investors.
Apparently, Obama would be happier if those law suits had been impossible in the U.S. The argument here, though only implicitly, seems to be that TTIP is the way to protect megabanks and the bond-rating firms from small investors. It concerns specifically the selling of sophisticated derivative investments.
It is pretty clear who Obama works for.