From Dominique Strauss-Kahn to Christine Lagarde

Conspiracy theory alert!

Christine Lagarde selected by International Monetary Fund Executive Board to serve as Managing Director for five years, replacing Dominique Strauss-Kahn (DSK).

Coincidence? or Conspiracy? Too bad we don’t know who the conspirators are. But look at the timelines.

May 14 – hotel maid accused DSK of rape. NY prosecutors announce she is credible. Court requires him to put up $6 million bail and stay in a supervised luxury apartment. DSK immediately becomes a pariah.

May 16 – Rahm Emanuel (former right hand man of President Barack Obama) takes office  as Chicago‘s 46th mayor.

May 20 – DSK resigns his position as managing director of IMF. Search for new MD begins.

May 25 – Christine Lagarde announces her candidacy for the position. Among her many qualifications is a little-known one: as an anti-trust and labor lawyer, she was the first woman chairman and a partner with the Chicago-based international law firm of Baker & McKenzie, the world’s fifth biggest law firm by revenue last year.

June 28 – Lagarde appointed to the position, after much jockeying among potential candidates for the position.

June 30 – news begins to break that NY prosecutors are saying the case against DSK is “unraveling.”

July 1 – DSK is freed from house arrest.

Hmmmm. As our DDH always used to say, “Stay away from power.” Of course, he was an electrical engineer, so he knew what he was talking about.

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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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2 Responses to From Dominique Strauss-Kahn to Christine Lagarde

  1. Do says:

    What the hell is a DDH, anyway?

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