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pa28

(6,145 posts)
Sun Oct 20, 2013, 10:50 PM Oct 2013

Madison Mayor on TPP: 'Enrons Will Become Commonplace'

From The Progressive

http://progressive.org/madison-mayor-on-tpp-enrons-will-become-commonplace#.UmR6e_38mMk.twitter

The consequence of that is that Enrons will become commonplace and ordinary,” he said. “Everything from what we see in real estate transactions to the protections of our pensions, our security, of our economy, will be threatened. For decades, there have been efforts to get American regulators to lower our accounting standards to this lowest common denominator. But they can’t get it by going through the front door. They’re going to attempt to get it by working their way through this treaty.


Alerting the public from the bottom up is the best way to build opposition to this deal. The Dane County board of supervisors passed a resolution this week opposing the TPP and they are taking it straight to their constituents.
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Madison Mayor on TPP: 'Enrons Will Become Commonplace' (Original Post) pa28 Oct 2013 OP
K & R BelgianMadCow Oct 2013 #1
It's going to be an uphill fight to stop the TPP. pa28 Oct 2013 #6
Accounting standards too? That's a really low blow starroute Oct 2013 #2
Probably an adoption of IFRS to replace GAAP. It has been in the works for a long time. nt BluegrassStateBlues Oct 2013 #3
Where and how did you think BelgianMadCow Oct 2013 #4
K&R! Have you read this? Enthusiast Oct 2013 #5

pa28

(6,145 posts)
6. It's going to be an uphill fight to stop the TPP.
Mon Oct 21, 2013, 05:17 PM
Oct 2013

Mostly I'm disturbed by the lack of public awareness. I'm old enough to remember the media debate over NAFTA and it went on publicly for years. All the major networks covered the issue in depth.

Now we're just months from finalization of this deal and nobody seems to know about it. I mean nobody.

Unless opposition can be built from the bottom up we're in trouble.

starroute

(12,977 posts)
2. Accounting standards too? That's a really low blow
Mon Oct 21, 2013, 12:27 AM
Oct 2013

I thought it was just environmental and health and labor standards -- all the usual targets. But accounting standards are the very foundation of a modern economy. They're like a chain of custody for legal evidence. They prove that everything is on the up-and-up because they enable an outside auditor to retrace the steps of whoever did the bookkeeping in the first place. If those are degraded, nothing else can stand.

BelgianMadCow

(5,379 posts)
4. Where and how did you think
Mon Oct 21, 2013, 04:42 AM
Oct 2013

third way Geithners implement their end game memos?

Somewhere in secret negotiations with lobbyists at the table sounds like an excellent place. The TPP is an end-run around banking re-regulation as well.

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