{"id":18783,"date":"2014-08-12T01:02:55","date_gmt":"2014-08-11T23:02:55","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=18783"},"modified":"2014-08-12T01:02:55","modified_gmt":"2014-08-11T23:02:55","slug":"what-happened-to-wall-streets-tobacco-deals","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/what-happened-to-wall-streets-tobacco-deals\/","title":{"rendered":"What Happened to Wall Street’s Tobacco Deals?"},"content":{"rendered":"

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Politicians wanted upfront cash from a legal victory over Big Tobacco, and bankers happily obliged. The price? A handful of states promised to repay $64 billion on just $3 billion advanced.<\/p>\n

In November 1998, attorneys general from across the country sealed a historic deal with the tobacco industry to pay for the health care costs of smoking. Going forward, nearly every cigarette sold would provide money to the states, territories and other governments involved – more than $200 billion in just the first 25 years of a legal settlement that required payments to be made in perpetuity. \u00a0What happened? \u00a0What Did Tobacco Companies Pay<\/a><\/strong><\/p>\n

\"Wall<\/a><\/p>\n

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  Politicians wanted upfront cash from a legal victory over Big Tobacco, and bankers happily obliged. The price? A handful of states promised to repay $64 billion on just $3 billion advanced. In November 1998, attorneys general from across the … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22,13],"tags":[],"class_list":["post-18783","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t