Bernie Sanders on Panama Papers: Watch senator warn US of scandal back in 2011

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What Are the Ramifications of the Panama Papers?

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.

Source: YouTube

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.

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

Related: See Senator Sanders through the years:

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Bernie Sanders through the years
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Bernie Sanders on Panama Papers: Watch senator warn US of scandal back in 2011
Senator Bernie Sanders, an independent from Vermont and 2016 Democratic presidential candidate, speaks during an event in Iowa Falls, Iowa, U.S., on Monday, Jan. 25, 2016. With a week to go until the Iowa caucuses and the Democratic presidential race there in a virtual dead heat, Hillary Clinton and Sanders are mapping out divergent paths toward winning the first votes of the nomination process. Photographer: T.J. Kirkpatrick/Bloomberg via Getty Images
Washington, UNITED STATES: Newly-elected senators meet with Senate Minority Leader Harry Reid (R), D-NV, in Washington, DC 13 November 2006. From left are: Senator-elect James Webb, D-VA, Senator-elect Bernie Sanders, I-VT, Senator-elect Amy Klobuchar, D-MN, and Reid. AFP PHOTO/Karen BLEIER (Photo credit should read KAREN BLEIER/AFP/Getty Images)
US Congressman Elliot Engel (L) takes pictures next to US Senator Bernie Sanders after being dressed as Bouale leaders by public notaries of the Kouadioyaokro village, 150 km from Abidjan, 09 November 2008. US Senators Tom Harkin and Bernie Sanders visit comes ahead of a July 2008 certification deadline to ensure cocoa heading to the United States -- the third largest importer of Ivorian cocoa -- has not been produced with child labour. AFP PHOTO/ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)
COLUMBIA, SC - APRIL 25: Potential Democratic presidential candidate Sen. Bernie Sanders (R) (I-VT) delivers remarks at the South Carolina Democratic Party state convention April 25, 2015 in Columbia, South Carolina. Sanders joined former Maryland Gov. Martin O'Malley and former Sen. Lincoln Chafee in speaking to the convention. (Photo by Win McNamee/Getty Images)
WASHINGTON, DC - APRIL 20: U.S. Sen. Bernie Sanders (I-VT) participates in a 'Don't Trade Our Future' march organized by the group Campaign for America's Future April 20, 2015 in Washington, DC. The event was part of the Populism 2015 Conference which is conducting their conference with the theme 'Building a Movement for People and the Planet.' (Photo by Win McNamee/Getty Images)
U.S. Senator Bernie Sanders, an Independent from Vermont and 2016 U.S. presidential candidate, greets supporters during a campaign rally in Madison, Wisconsin, U.S., on Wednesday, July 1, 2015. Sanders said he had attracted 200,000 donors as of mid-June and his campaign had raised $8.3 million online through June 17, according to FEC filings by ActBlue, the fundraising platform that he and some other left-leaning candidates and causes use. Photographer: Christopher Dilts/Bloomberg via Getty Images
PORTLAND, ME - JULY 6: Vermont Sen. Bernie Sanders speaks at the Cross Insurance Arena while campaigning in the Democratic presidential primary. (Photo by Derek Davis/Portland Press Herald via Getty Images)
Supporters hold up signs at a campaign rally for Senator Bernie Sanders, an Independent from Vermont and 2016 U.S. presidential candidate, in Madison, Wisconsin, U.S., on Wednesday, July 1, 2015. Sanders said he had attracted 200,000 donors as of mid-June and his campaign had raised $8.3 million online through June 17, according to FEC filings by ActBlue, the fundraising platform that he and some other left-leaning candidates and causes use. Photographer: Christopher Dilts/Bloomberg via Getty Images
PORTLAND, ME - JULY 6: Vermont Sen. Bernie Sanders speaks at the Cross Insurance Arena while campaigning in the Democratic presidential primary. Sen. Bernie Sanders greets supporters after speaking in Portland. (Photo by Derek Davis/Portland Press Herald via Getty Images)
PHOENIX, AZ - JULY 18: U.S. Sen. Bernie Sanders (I-VT) speaks to the crowd at the Phoenix Convention Center July 18, 2015 in Phoenix, Arizona. The Democratic presidential candidate spoke on his central issues of income inequality, job creation, controlling climate change, quality affordable education and getting big money out of politics, to more than 11,000 people attending. (Photo by Charlie Leight/Getty Images)
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