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cali

(114,904 posts)
Fri May 22, 2015, 05:04 AM May 2015

Open Secrets: Hillary Clinton, Morgan Stanley and TPP: A free trade triumvirate? [View all]

As pressure increases for 2016 presidential contender Hillary Clinton to say where she stands on the pending Trans-Pacific Partnership (TPP) trade deal, her ties to avid TPP supporters won’t escape notice.

One glaring example: A linked trifecta consisting of the TPP, the mega-investment firm Morgan Stanley, and the Clinton family that involves campaign contributions, former members of Bill Clinton’s administration and large donations to the Clintons’ foundation.

Morgan Stanley is one of many U.S. companies supporting the TPP. It’s a member of the U.S. Business Coalition for TPP, and since 2013 the firm has lobbied on issues pertaining to the agreement. According to reports filed by the company and its lobbyists, Morgan Stanley spent $4.04 million in 2013, $4.82 million in 2014 and $530,000 in 2015 (thus far) lobbying on a slew of issues, including TPP. Lobbying disclosure rules don’t require a breakdown of how much is spent on any particular matter, so it’s impossible to know exactly how much of Morgan Stanley’s budget was devoted to the pending deal.

Morgan Stanley’s role in the Clinton orbit is multifaceted. Thomas R. Nides, the firm’s current vice president, was deputy secretary of state for management under Clinton and is considered a close confidant, though he won’t be taking up a formal role in her 2016 campaign. Nides was also Morgan Stanley’s chief operating and administrative officer prior to joining the State Department, and served as chief-of-staff to former U.S. Trade Representative Mickey Kantor in the 1990s.

Then there are two prominent alumni of former President Bill Clinton’s administration who serve on Morgan Stanley’s board of directors: Erskine Bowles (its lead director) and Laura Tyson.

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http://www.opensecrets.org/news/2015/05/hillary-clinton-morgan-stanley-and-tpp-a-free-trade-triumvirate/

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