When you’re a nation that absolutely nobody else on the planet will give a loan to, the IMF is volunteering to be the one to provide . A day after people threw both questions and shoes at IMF chief Dominique Strauss-Kahn, he said that the organization’s new mandate is to be the global lender of last resort.
The international monetary system must be more stable, and anchored by a global lender of last resort,” he said, outlining his vision for the IMF.
So now we’re going to have the IMF there to cushion the world from another near economic meltdown. It’s a simple as that. Problem solved. What could possibly go wrong?
It also isn’t clear what would guarantee the IMF’s balance sheet in an extreme case, because it lacks the taxing authority of governments.
Where are these IMF MoFos? I’m gonna throw my shoes at them
Greg, don’t puke on my shoes and tell me I stepped in mud.
That look is sooo 10 minutes ago…
S.L.
You homo ovary smugglers! Take a dirt nap!
Dennis Kneale
Greg,
Don’t give me a beej and tell me its a true girlfriend experience.
Meredith whitney
Fuck greg, try proofreading
If the blanus fits you must acquit.
Greg -
What could possibly you wrong? You continue to post. You douche.
Mom