New IMF Scandal

[ballmich]

As if Dominque Straus-Kahn and his raping escapades weren't enough, we now have a new IMF scandal....

"After twenty years of service, I am ashamed to have had any association with the Fund at all."

That was Peter Doyle, Division Chief at the IMF European Division. It was in his resignation letter that is found at the below link.

Scandal At The IMF: Senior Economist Resigns, Says "Ashamed To Have Had Any Association With Fund At All" | ZeroHedge

There really is no end to the crime being perpetuated by the world's banking elite. These scandals will not stop, the entire system is rotten to the core.

And who wants to bet that we turnaround and double down on the IMF by increasing our commitment to fund?

[rhino]

Just for giggles as you read the Mission Statement from the IMF web site, think about what we know that is going on in the world in relation to what the IMF is supposed to do, then wonder about what we don't know about:

About the IMF

The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

About the IMF

[ballmich]

Yeah, it's amazing how the cards have turned.

The IMF just did another capital raise recently, you know to raise funds for these southern periphery European countries.... And who was tossing money into the purse to bailout Spain, Greece and soon to be Italy: The BRICS, Mexico, Indonesia and some African countries. The tables have really turned.

And that's the scandal, the IMF has become a European slush fund. it's no longer for helping impoverished, third world countries.

[screwball]

I'm shocked.