It’s Not Official
The BBC reports that Strauss-Kahn ‘cannot run’ IMF – Treasury chief Geithner
Dominique Strauss-Kahn is “not in a position to run” the International Monetary Fund after his arrest over an alleged sexual assault, US Treasury Secretary Timothy Geithner has said.
Mr Geithner said the IMF’s executive board should designate an interim head.
…Addressing the Harvard Club in New York on Tuesday, Mr Geithner said the most important thing for the IMF was that it found a leader to fill Mr Strauss-Kahn’s shoes.
“He is obviously not in a position to run the IMF,” Mr Geithner said.
“It is important that the board of the IMF formally put in place for an interim period someone to act as managing director.”
[Imagine I’m bending over and saying this very slowly, as one talks to small children] Timmy, the IMF has a deputy chairperson who has already taken over control. They issued a press release and everything. You should also be aware that crime bosses have no problem running their organizations from inside prison, so why should the IMF be any different?
Actually, I would point out that a speech at the Harvard Club is not an official announcement, and anything Timmy said should be considered personal, not official.
2 comments
Actually, Timmy wanted an American to be IMF head in the first place. Having a European Socialist in charge of the place isn’t good for business. Getting Strauss-Kahn out of there is the first step in the actual plan, which is to replace him with a Wall Street banker type who’ll be pliant and promulgate policies that benefit banksters, not people.
Timmy got in all kinds of tax trouble when he worked for the IMF because they don’t “do” FICA taxes and he didn’t read the part in the employee manual that said he was responsible for them.
I think the ECB would like one of their people in charge so they can continue to beat up on Southern Europe, which might not coincide with what Wall Street wants.
Whoever gets the post will be working for the banks.