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May 19th, 2011 2:53 pm
Maybe an American Should Run the IMF

For some reason, the French are trying to maintain a death grip on leading the International Monetary Fund, newly headless after Director Dominique Strauss-Kahn resigned over an alleged sexual assault scandal.  Though Deputy Director John Lipsky, an American, is now serving as the interim head of the IMF, a move is already underway to install France’s Finance Minister Christine Lagarde as quickly as possible.

But not so fast, say a panel of French judges.  They are weighing whether to investigate Lagarde for allegedly intervening in a lawsuit against the government on behalf of a political donor to her party.  The announcement is clouding her candidacy.

First, the French had to endure the hypocrisy of the Socialist Strauss-Kahn staying in a $3,000 a night hotel suite.  (So far, the alleged attack is a lesser blemish in French circles with a majority believing Strauss-Kahn was set up.)  Now, his potential replacement is under fire for crony capitalism.

Is French disdain for America so great that the most obvious replacement is deemed unacceptable for the long-term because he happens to be from the United States?

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