To create change in America you have to get elected so Hillary Clinton’s reported remarks about toppling the 1% are not hypocritical, said Joseph Stiglitz, author of ‘The Great Divide‘. Stiglitz added that the real test comes after a candidate gets elected as to whether they are sincere about campaign finance reform. He said President Obama made a great display that he was getting a large amount of money from small donors, but he also pocketed a lot of money from massive donors and things have gotten worse during his administration. Stiglitz also said Warren Buffett has a better conscience than other billionaire capitalists, but that does not mean all of the companies he invests in, or owns, act appropriately all the time.
Joseph Stiglitz: Hillary Clinton, Warren Buffett Not ‘1%’ Hypocrites
Dan Loeb’s Third Point Re To Merge After Years Of Losses
Last week, Third Point Re insurance, which is backed by US hedge-fund manager Daniel Loeb, said it would merge with Sirius International Insurance Group in a cash-and-stock deal worth around $788 million. The deal comes at a pivotal time for both companies. Third Point Re To Merge After Years Of Losses Early last year, reports Read More