Sunday, May 22, 2011

sunday drool

the Crap-o-Banks !

Dominique Strauss-Kahn in Berlin last year. His arrest came at a crucial time for the IMF, which is supposed to be renegotiating the Greek bailout. Photograph: Tobias Schwarz/Reuters

The IMF after DSK

Now that Dominique Strauss-Kahn has resigned from his position as managing director of the International Monetary Fund (IMF), it is worth taking an objective look at his legacy there. Until his arrest last week on charges of attempted rape and sexual assault, he was widely praised as having changed the IMF, increased its influence and moved it away from the policies that – according to the fund's critics – had caused so many problems for developing countries in the past. How much of this is true? (Read the Article)

Dominique Strauss-Kahn, the leader of the International Monetary Fund, appears in court for an arraignment over allegations that he had sexually assaulted a maid in New York, May 16, 2011. On Wednesday, May 18, 2011, Strauss-Kahn resigned as head of the IMF while denying any wrongdoing. (Photo: Michael Appleton / The New York Times)


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