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by Stephen Lendman
December 20, 2015
from
SJLendman Website
Charges are unrelated to her greatest crimes - representing the
US-controlled IMF and Western
monied interests at the expense of beneficial social change.
The agency is a bandit operation, the loan shark lender of last
resort, force-feeding economic and financial harshness on nations in
return for loans - followed by new ones needed to pay debt service,
an endless cycle of debt peonage, monied interests profiting hugely.
Ordinary people suffer greatly as expected. So do debt-entrapped
countries, forced to obey harsh IMF diktats - incompatible with
social democracy, civil and human rights.
Nations are strip-mined of their resources, material wealth, state
enterprises, and other crown jewels - transferred from public to
private hands, hollowed out into dystopian backwaters, their people
able to have jobs transformed into serfs.
Except for the privileged few, the result is the worst of all
possible worlds - wracked by extreme poverty, hunger, malnutrition,
diseases and early usually painful death.
Washington got
Christine Lagarde appointed -
to serve as a neoliberal maestro of misery.
Her activities as French finance minister were investigated earlier
for serious improprieties - specifically a controversy pitting
tycoon Bernard Tapie against the French state.
She issued a beneficial 403 euro arbitration order earlier in his
favor, against the government she was sworn to serve.
The French Court of Cassation (its highest judicial body) Attorney
General Jean-Louis Nadal earlier ordered the Tapie dossier
made public, including allegations indicating Lagarde circumvented
the law - to benefit Tapie illegally, overriding an appeals court
ruling against him.
A French judicial commission ordered Lagarde to stand trial. She's
charged with negligence in the long-running so-called
L'Affaire Tapie. He was ordered to
repay his windfall.
Observers called France's Cour de Justice de la Republique
judicial commission ruling last Thursday a surprise. In September,
prosecutors recommended things be dropped.
Her legal team issued a statement, saying,
"Ms. Lagarde would like to reaffirm
that she acted in the best interest of the French State and in
full compliance with the law."
She's appealing the ruling against her.
Things could drag on for many months before concluding.
IMF communications director Gerry Rice issued a statement,
saying,
"(t)he Executive Board continues to
express its confidence in the Managing Director's ability to
effectively carry out her duties."
He stopped short of explaining her
mandate is benefitting powerful monied interests at the expense of
everyone else.
Expect no interruption in business as usual at the agency she heads
- with full US support...
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