Saturday, August 6, 2016

Nobel Winning Lefty Economist Stiglitz Quits Panama Papers Probe

This is fascinating.

The committee set up to investigate lack of transparency in Panama’s financial system itself lacks transparency, Nobel Prize-winning economist Joseph Stiglitz told Reuters on Friday after resigning from the “Panama Papers” commission.

Stiglitz and Swiss anti-corruption expert Mark Pieth joined a seven-member commission tasked with probing Panama’s notoriously opaque financial system, but they both say they found the government unwilling to back an open investigation.

This may be the way for the U.S. to put pressure on Panama. I have always considered Stiglitz a mechanic for the elitists.

“We can only infer that the government is facing pressure from those who are making profits from the current non-transparent financial system in Panama,” he said.

Probably, but Stiglitz is putting countervailing pressure, no doubt with the approval of the serious people of the red, white and blue.


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