When I heard the news late Saturday night after work that IMF chief Dominique Strauss Kahn had been arrested for an alleged sexual assault in NYC just as his flight to Paris was getting ready to take off -- presumably, the flight that would take him on the start to his being the almost certain Socialist challenger to Nicolas Sarkozy in next year's French Presidential -- I thought, this is really crazy. It's been well known that the banker, who's had a big role in preventing a meltdown in the Eurozone, was a cad -- remember the scandal when he got cheating on his wife a couple of years ago? But this takes it to a whole new level.
All I can say is, how stupid can an alleged sexual attacker be? Even someone who got a partner to consent to sex would remember to take his or her cell phone and wallet with him.
This leaves Obama to appoint a new IMF chief, almost certainly. This is a unique opportunity to end the practice of only having someone from the EU run the IMF while an American runs the parallel World Bank. How about someone from Africa or South Asia for a change?
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2 comments:
Clueless commentary. Appointed by Obama?
Decisions of both the IMF and World Bank require 85% support on a weighted basis based on the capital they put into the banks. Since the US has 17% of the votes, they effectively have a veto, so whomever Obama wants would get it.
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