H/t reader M.G.:
“Another greedy gut, the IMF leader, is being investigated for fraud………………..she is the one who tried to make banks hold 5cents on deposit for every dollar they claimed as assets……the banks would have had to borrow the money, the idea was tabled forever.”
– Christine Lagarde to be investigated for alleged role in political fraud case (Guardian, Aug 27, 2014):
IMF chief and former finance minister says decision to investigate her for alleged negligence is unfounded
The head of the International Monetary Fund, Christine Lagarde, has been charged with “simple negligence” over her handling of a controversial €400m payout to French business tycoon Bernard Tapie when she was finance minister.
Lagarde announced that she had been placed under investigation by a magistrate on Tuesday – the French equivalent of being charged in the UK – after being questioned for 15 hours at the court of justice in Paris, which deals with cases of alleged ministerial wrongdoing. Continue reading »