I find it "funny" that maximum limit of debt the US is allowed to make, has to be stretched further...which is first to be handled by their own government and has to have the backing of the IMF as well (as far as I understand).-Shades
I think they need to do that for
any large economic factor regardless of their scruples or ideals. It's happening now with Greece.
And it applies within countries when banks and other institutions need to be bailed out to prevent the entire system from going into a major crisis. Most people understand the necessity even though it leaves a nasty taste in the mouth. (Why it's allowed to happen over and over again, however, is another question entirely.)
Reform and pragmatics don't always go hand-in-hand when it comes to the actions of the World Bank, the IMF, and the central banks. Sometimes they do what they
should. But more often than not, they do what they
must. Situational ethics to be sure - but many times it comes down to a choice between proving a point or minimizing a disaster.
Guess what, the bossman of the IMF has been caught with his pants down.
Starts to become too coincidental, if you ask me.
I think it's more an issue of cultural differences and a certain hubris on the part of some highly placed individuals to sometimes believe the rules are different for them because of their status.
I'm perfectly willing to grant Dominique Strauss-Kahn the presumption of innocence. But there appears to be enough reported facts in his case along with his subsequent (and prior) behaviors to make an argument there was reasonable cause for his arrest.
Conspiracy? Possibly.
Suffice to say anybody holding an office like his is bound to acquire formidable enemies over time. But that's a speculative road that has no end, so I'd rather not walk down it.
Actually, I think he was set up because he had accidentally discovered the truth about Area 51 and the aliens that Majestic is in league with (along with their supporters and 'sleeper' agents in the World Bank, the Vatican, The John Birch Society, The Republican National Party, The American Bar Association, The International Red Cross, The Illuminatus, The Board of Directors for Walt Disney Studios, The National Transgender Alliance, the Knights of the House of the Apostles of Eris Esoteric (Kallisti!), the Public Broadcasting Network, and The American Rifle Association, et al.) and was planning on releasing his discovery to Wikileaks except his contact was consumed by flesh-eating zombies that worked for fascist werewolves that work for communist vampires before he could transfer the information! I mean think about it. It's sooo obvious!
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Pretty please even?