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Shining a Light on the IMF: Nafisatou Diallo
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[QUOTE]Originally posted by lamin: [QB] MO NING AND ARWA Some points on the Roberts piece above: 2)If DSK knew that his policies would be unpopular with the U.S. Treasury then [b] he should have had enough sense to not behave like a complete jackass[/b]. If he believed that he was targeted then when he visited New York he should have stayed in his own New York flat or simply gone to his daughter's place to stay. But the pudgy fool did not. If you must stay in a hotel then why pick Sofitel, which is French owned? No conspiracy here, the man was just a complete fool. 2)[b]The IMF as a branch of the U.S. Treasury cannot be reformed and this chatter about DSK skills as an economist is just an attempt to inflate the guy. In the ongoing bailout moves on behalf of Greece, Portugal the DSK was offering some much easier terms than are standard with non-European nations. The IMF is essentially the external branch of the U.S. Treasury and for the pick this time to go to DSK says nothing. The U.S. Treasury will--with Bernanke and Geithner as chief directors--never allow someone with a radical track record to be IMF chief. DSK is a member of the French Socialist Party--but that means absolutely nothing in terms of radical economics. A lot of Americans call Obama a socialist, which of course is absurd. The fact that DSK was about to contest the French presidential elections means that he was about to leave the IMF anyway so why would Washington mount a risky campaign just to get him out. The Police knew where DSK was because when--in his haste to leave--he forgot his cell phone he foolishly called the hotel to retrieve it. The hotel then asked where he was and that they would bring it to him. He gave an accurate answer and that was how they got him--in a first class seat of Air France($10,000). What African nations should do is just break free from the IMF whose function is to send signals to Western international banks that dole out credit to friendly puppet nation as to how to treat the different non-European nations. Zimbabwe experienced a big credit squeeze once the IMF signaled on Zimbabwe. African nations should establish a capital rich Central Bank that would be able to make independent decisions. Such a bank would see to it that there be an exchangeable reserve African currency that could be used for international trade on the same basis as the Euro or the Chinese renminbi. As an economist DSK is just average--nothing big. And the fact that DSK listened to Stiglitz means nothing. The truth is that African and other capital weak nations should just steer clear of the IMF. Lastly, if DSK's downfall was due to some kind of trap then it's really a very clumsy trap. Why use an African women when there are European women to use. Any African woman--and a hotel maid at that--would be too terrified to go for that kind of thing. Craig Roberts you just over-reached on this one. Sorry! [/QB][/QUOTE]
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