Sex-Charged IMF Chief – Possible Set Up?
(540 Obama-dumping days until 2012 election-Hugh's Obama's Scandals List)
According to Mike Whitney in “IMF Chief Strauss-Kahn Caught in 'Honey Trap'” the dramatic sex charges are reminiscent of the Eliot Spitzer scandal.
But I will say, the whole matter smells rather fishy, just like the Eliot Spitzer story smelled fishy. Spitzer, you may recall, was Wall Street's biggest adversary and a likely candidate to head the SEC, a position at which he would have excelled. In fact, there's no doubt in my mind that if Spitzer had been appointed to lead the SEC, most of the top investment bankers on Wall Street would presently be making license plates and rope-soled shoes at the federal penitentiary. So, there was plenty of reason to shadow Spitzer's every move and see what bit of dirt could be dug up on him. As it turns out, the ex-Governor of New York made it easy for his enemies by engaging a high-priced hooker named Ashley Dupre for sex at the Mayflower Hotel. When the news broke, the media descended on Spitzer like a swarm of locusts poring over every salacious detail with the ebullient fervor of a randy 6th-grader. Meanwhile, the crooks on Wall Street were able to breathe a sigh of relief and get back to doing what they do best; fleecing investors and cheating people out of the life savings.
Whitney points out that Strauss-Kahn was the likely candidate of the French Socialist Party who would have faced Sarkozy in the upcoming presidential elections. Sarkozy hasn’t been doing too well in the polls due to his own scandals.
However, Whitney's real suspicions head to the bankers:
But if Strauss-Kahn was set up, then it was probably by members of the western bank coalition, that shadowy group of self-serving swine whose policies have kept the greater body of humanity in varying state of poverty and desperation for the last two centuries. Strauss-Kahn had recently broke-free from the "party line" and was changing the direction of the IMF. His road to Damascus conversion was championed by progressive economist Joesph Stiglitz in a recent article titled "The IMF's Switch in Time". Here's an excerpt:
"The annual spring meeting of the International Monetary Fund was notable in marking the Fund’s effort to distance itself from its own long-standing tenets on capital controls and labor-market flexibility. It appears that a new IMF has gradually, and cautiously, emerged under the leadership of Dominique Strauss-Kahn.
According to Whitney, Strauss-Kahn was trying to protect countries from the ravaging of foreign capital that likes to "push up prices and creates bubbles" and then leaves "high unemployment, plunging demand, hobbled industries, and deep recession" in its wake.
Strauss-Kahn had set out on a "kinder and gentler" path, one that would not force foreign leaders to privatize their state-owned industries or crush their labor unions. Naturally, his actions were not warmly received by the bankers and corporatists who look to the IMF to provide legitimacy to their ongoing plunder of the rest of the world. These are the people who think that the current policies are "just fine" because they produce the results they're looking for, which is bigger profits for themselves and deeper poverty for everyone else.
In an article today in the Washington Post, Howard Schneider writes that after the 2008 crash led toward regulation again of financial companies and government involvement in the economy, for Strauss-Khan "the job is only half done, as he has been leading the fund through a fundamental rethinking of its economic theory. In recent remarks, he has provided a broad summary of the conclusions: State regulation of markets needs to be more extensive; global policies need to create a more even distribution of income; central banks need to do more to prevent lending and asset prices from expanding too fast. 'The pendulum will swing from the market to the state,' Strauss-Kahn said in an address at George Washington University last week. 'Globalization has delivered a lot .?.?. but it also has a dark side, a large and growing chasm between the rich and the poor. Clearly we need a new form of globalization' to prevent the 'invisible hand' of loosely regulated markets from becoming 'an invisible fist.'" (Link---http://wcampaign.org/issue.php?mid=625&v=y)
There's not going to be any revolution at the IMF. That's baloney. The institution was created with the clear intention of ripping people off and it's done an impressive job in that regard. There's not going to be any change of policy either. Why would there be? Have the bankers and corporate bilge-rats suddenly grown a conscience and decided to lend a helping hand to long-suffering humanity? Get real.
Strauss-Kahn broke ranks and ventured into no man's land. That's why he was set up and then crushed like a bug.
(Note: Strauss-Kahn has been replaced by the IMF's number 2 guy, John Lipsky, former Vice Chairman of the JPMorgan Investment Bank. How's that for "change you can believe in"?)
Updated comment: The charge is serious and the IMF chief should be prosecuted and convicted if he perpetrated the sex crime. At the same time, the level of mendacity and thuggery employed by the banking gangster elite to protect their power is not to be underestimated either.