Bernie Sanders on Panama Papers: Watch Senator Warn U.S. of Scandal Back in 2011

Bernie Sanders on Panama Papers: Watch Senator Warn U.S. of Scandal Back in 2011
Source: Getty Images
Source: Getty Images

As the world continues to reel from the fallout of the Panama Papers revelation, video has emerged showing that Bernie Sanders may have called the whole thing back in 2011. 


In October of that year, Sanders took to the Senate floor to raise questions about the U.S.-Panama Trade Promotion Agreement, which he said was little more than a giveaway to large corporations and wealthy Americans looking to hide their money.

Read more: Mossack Fonseca Data Leak Ties World Leaders, FIFA Officials to Shady Offshore Accounts

"Panama is a world leader when it comes to allowing wealthy Americans and large corporations to evade U.S. taxes by stashing their cash in offshore tax havens," he said. "The Panama Free Trade Agreement would make this situation much worse."

So far, at least 200 U.S. passport holders have been connected to the Panama Papers, with much data still to be analyzed, McClatchyDC reported. 

Source: Mic/YouTube

Despite Sanders' warning, the free trade agreement with Panama went forward with the support of President Obama — and his secretary of state, Sanders' current Democratic rival, Hillary Clinton

Obama's move to pass what had been a stalled Bush-era free trade pact was a sharp departure for a president who rode to office partly on a promise to make existing trade agreements more equitable. In his 2007-08 campaign, he memorably promised voters that he would renegotiate NAFTA, but renounced that idea almost immediately after taking office. As of 2014, the issue remained unaddressed.

The Panama kerfuffle will likely loom large when the two Democratic contenders meet in Brooklyn for their next debate on April 14. 


Get the five stories that will challenge you to rethink the world by signing up for MicCheck Daily.

How much do you trust the information in this article?

Jon Levine

Jon Levine is a staff writer at Mic, covering politics and people. He is based in New York and can be reached at JLevine@mic.com.

MORE FROM

Anthony Scaramucci acknowledges “colorful language” after ‘New Yorker’ published his wild rant

Scaramucci's "colorful language" revealed the high-stakes tension going on at the White House.

Lindsey Graham says he is creating legislation to block Trump from firing Mueller

Graham said earlier that ousting Mueller would mark the "beginning of the end of the Trump presidency."

Despite Trump, military leaders say there will be no changes to transgender policy for now

“In the meantime, we will continue to treat all of our personnel with respect."

Trump will visit Long Island to discuss gang violence — but some fear he could make the issue worse

Trump has celebrated mass deportations as fighting gang violence — but are his words helping or hurting?

Like his boss, Anthony Scaramucci seems to be a fan of disgraced football coach Joe Paterno

President Donald Trump also gave a shout-out to the late Penn State coach during the 2016 campaign.

‘Hot Mic’ podcast: Transgender ban, GOP healthcare struggling, video games relieve work stress

What you need to know for Thursday, July 27.

Anthony Scaramucci acknowledges “colorful language” after ‘New Yorker’ published his wild rant

Scaramucci's "colorful language" revealed the high-stakes tension going on at the White House.

Lindsey Graham says he is creating legislation to block Trump from firing Mueller

Graham said earlier that ousting Mueller would mark the "beginning of the end of the Trump presidency."

Despite Trump, military leaders say there will be no changes to transgender policy for now

“In the meantime, we will continue to treat all of our personnel with respect."

Trump will visit Long Island to discuss gang violence — but some fear he could make the issue worse

Trump has celebrated mass deportations as fighting gang violence — but are his words helping or hurting?

Like his boss, Anthony Scaramucci seems to be a fan of disgraced football coach Joe Paterno

President Donald Trump also gave a shout-out to the late Penn State coach during the 2016 campaign.

‘Hot Mic’ podcast: Transgender ban, GOP healthcare struggling, video games relieve work stress

What you need to know for Thursday, July 27.