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IMF Board Selects France's Christine Lagarde As New IMF Managing Director

Tyler Durden's picture




 

As expected. Just sent out from Lagarde's twitter account: "The results are in: I am honored & delighted that the Board has entrusted me with the position of MD of the IMF!" Now can the symbolic IMF and its double symbolic head please step aside and leave the real bailouts to China, please?

 

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Tue, 06/28/2011 - 13:32 | 1409343 citta vritti
citta vritti's picture

what’s mandarin for mandarin bitchez, baby?

Tue, 06/28/2011 - 13:36 | 1409358 Arius
Arius's picture

biatches

Tue, 06/28/2011 - 14:21 | 1409520 Clueless Economist
Clueless Economist's picture

That isn't a Sheila...It's a guy!

Tue, 06/28/2011 - 14:39 | 1409551 Ahmeexnal
Ahmeexnal's picture

 

I don't tweet because....I'm not a bird!

 

Tue, 06/28/2011 - 15:29 | 1409717 Oh regional Indian
Oh regional Indian's picture

Seriously Ahmeexnal... chirp chirp bird brain.

http://aadivaahan.wordpress.com/2010/12/20/twit-twit-2hooo/

ORI

Tue, 06/28/2011 - 13:33 | 1409347 ReallySparky
ReallySparky's picture

Lets just make this easy and rename Christine, Nan Flanagan.  That's who she reminds me of.

Tue, 06/28/2011 - 13:34 | 1409348 dick cheneys ghost
dick cheneys ghost's picture

Communist China.........the lender of last resort.........

Tue, 06/28/2011 - 13:39 | 1409351 baby_BLYTHE
baby_BLYTHE's picture

Velvet glove fascism re-commence

Tue, 06/28/2011 - 14:41 | 1409559 baby_BLYTHE
baby_BLYTHE's picture

nvm

Tue, 06/28/2011 - 13:36 | 1409357 falak pema
falak pema's picture

now we will find out if she has hidden "cojones"...

Tue, 06/28/2011 - 15:32 | 1409728 Oh regional Indian
Oh regional Indian's picture

Falak, by the looks of her, they are hidden in plain sight.

Just liek the rest of the Powerful Woman's clique.

ORI

http://aadivaahan.wordpress.com/2010/12/20/twit-twit-2hooo/

Tue, 06/28/2011 - 15:47 | 1409760 falak pema
falak pema's picture

My comment Ori concerns her postion w.r.t to USD hegemony and the inevitable move to a yuan based basket. Her predecessor, DSK,  was convinced it was necessary, more now than later. She being a Sarkozy stooge may be more US inclined, which DSK tried to fight. But as the world now moves fast into a currency bubble war China will call more and more the shots. Even in the IMF and so she must move in their direction in-spite of Sarkozy, and the FED. It will be fascinating to see this tug of war in the mad spiral down. 

Tue, 06/28/2011 - 13:41 | 1409360 DonnieD
DonnieD's picture

I thought they were going to elect a woman?

Tue, 06/28/2011 - 13:38 | 1409364 NotApplicable
NotApplicable's picture

MD = Mad Dictator?

Tue, 06/28/2011 - 14:05 | 1409459 wandstrasse
wandstrasse's picture

Mrs. Dominatrix

Tue, 06/28/2011 - 13:40 | 1409371 the not so migh...
the not so mighty maximiza's picture

Wow, another French European. 

Tue, 06/28/2011 - 13:41 | 1409380 carbonmutant
carbonmutant's picture

Why are they only electing French Bankers?

Tue, 06/28/2011 - 13:52 | 1409403 wandstrasse
wandstrasse's picture

because they can.

Tue, 06/28/2011 - 14:01 | 1409450 carbonmutant
carbonmutant's picture

Is this like a job nobody wants?

Tue, 06/28/2011 - 14:11 | 1409468 wandstrasse
wandstrasse's picture

depends on how much money they print for you.

Tue, 06/28/2011 - 14:55 | 1409617 carbonmutant
carbonmutant's picture

 You mean Christine sold out for less than the other candidates?

Tue, 06/28/2011 - 15:28 | 1409712 wandstrasse
wandstrasse's picture

I told her it is a mistake to say she really wants the job. this puts you on the weaker side of salary negotiation.

Tue, 06/28/2011 - 14:09 | 1409463 oogs66
oogs66's picture

She's a lawyer!

Tue, 06/28/2011 - 13:49 | 1409393 falak pema
falak pema's picture

Merkel vs Lagarde is an interesting match up...

Tue, 06/28/2011 - 13:51 | 1409399 Re-Discovery
Re-Discovery's picture

Cat Fight!!!

(actually, each will try to show the other who has the bigger . . .)

Tue, 06/28/2011 - 13:45 | 1409395 EscapeKey
EscapeKey's picture

How shocking they elect a bailout supporter.

Let's just hope she, unlike DSK, won't talk about haircuts.

Tue, 06/28/2011 - 13:48 | 1409405 Ahmeexnal
Ahmeexnal's picture

With the butch haircut she sports, I doubt she'll mention the word.

Tue, 06/28/2011 - 13:52 | 1409406 scratch_and_sniff
scratch_and_sniff's picture

Atleast she cant get a boner.

Tue, 06/28/2011 - 14:04 | 1409455 Bam_Man
Bam_Man's picture

I wouldn't be so sure....

Tue, 06/28/2011 - 19:43 | 1410337 markar
markar's picture

Haven't you heard of strap ons?

Tue, 06/28/2011 - 13:48 | 1409408 MFL8240
MFL8240's picture

Great news another loser!  Should have gotten one of the GovtSacks criminals at least they are clever, not like the mad man in Manhattan who likes to molest maids!

Tue, 06/28/2011 - 13:54 | 1409414 NOPOMO
NOPOMO's picture

The markets can remain irrational longer than the goverment remain insolvent.

Tue, 06/28/2011 - 13:58 | 1409425 hugovanderbubble
hugovanderbubble's picture

+1

Tue, 06/28/2011 - 14:01 | 1409438 djsmps
djsmps's picture

Wow. And she tweets!

Tue, 06/28/2011 - 14:04 | 1409456 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Who run this motha?

Tue, 06/28/2011 - 14:14 | 1409484 the not so migh...
the not so mighty maximiza's picture

I would demand a recount, China should have gotten it.

Tue, 06/28/2011 - 14:15 | 1409502 AlaricBalth
AlaricBalth's picture

A lawyer from Chicago based law firm Baker & McKenzie to head the IMF. Well versed in politics yet no formal economic training. She should fit well at the IMF.

Tue, 06/28/2011 - 14:20 | 1409516 NotApplicable
NotApplicable's picture

Well, to be honest, the IMF is about as far away from economics as one can get.

Tue, 06/28/2011 - 14:31 | 1409529 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

'Economics' is as far away from economics as it can get.

Tue, 06/28/2011 - 14:36 | 1409552 Bastiat
Bastiat's picture

Good one!

Tue, 06/28/2011 - 15:05 | 1409650 falak pema
falak pema's picture

According to that Indian math  nerd who was interviewed by Keiser its all baloney...maths and economics...its a big freudian dream! Long cojones and seven year itch!

Tue, 06/28/2011 - 14:41 | 1409558 AlaricBalth
AlaricBalth's picture

Agreed

Tue, 06/28/2011 - 15:47 | 1409761 Djirk
Djirk's picture

Her biggest selling point, not a man so no sex scandals....I am all for equal rights but this feminism is getting out of hand.

Win on merit and will, not sex...bitchez

Tue, 06/28/2011 - 16:22 | 1409878 oogs66
oogs66's picture

I think she is actually the managing partner.  can that be right? the French Minister of Finance and now head of IMF, is not only a lawyer, but still a partner at an American firm?

Tue, 06/28/2011 - 14:35 | 1409547 moonstears
moonstears's picture

The Chinee no support this, not too long ago...Ahh well, step in line if you wanna play with the big banks, I guess.
https://news.fidelity.com/news/news.jhtml?articleid=201105190838RTRSNEWS...

Tue, 06/28/2011 - 14:42 | 1409576 lizzy36
lizzy36's picture

I would love to have seen DSK's face when he was told of this "development".

Ahhhh who the fuck am i kidding,  dude is living it up in a 6,800-square-foot house, will probably serve no time, and has no remorse.

Tue, 06/28/2011 - 15:03 | 1409657 falak pema
falak pema's picture

he's looking desperately for a "susan" to clean the carpet in his new place...without leaving a stain... It's going to be a long wait!

Tue, 06/28/2011 - 14:48 | 1409585 THE DORK OF CORK
THE DORK OF CORK's picture

All Hail Pope Joan.

Tue, 06/28/2011 - 15:14 | 1409689 TopOnePercent
TopOnePercent's picture

The IMF reallocates Chinese money.

 

The Chinese should just go direct and get something back for their money.

The IMF is illogical in that it is a reallocater of those that have the money, pushing US and European agenda.

 

Why does China let this happen to their money ?

 

Tue, 06/28/2011 - 15:23 | 1409710 ZOZO Smith
ZOZO Smith's picture

The story with Lagarde, nicknamed "The Guard" because she is a fervent supporter of English language over French (https://secure.wikimedia.org/wikipedia/en/wiki/Acad%C3%A9mie_de_la_Carpe...) is also nicknamed Laboulette with regards to her cluelessness in the economical matters.
She has done shit since she is a minister and some would think she is under Prozac for predicting nonsense figures of growth, in France. In september 2008, a few days before Lehman went down, she was saying : The economic crisis is behind us....

Tue, 06/28/2011 - 15:41 | 1409744 Djirk
Djirk's picture

fjunny

Tue, 06/28/2011 - 16:12 | 1409837 Bansters-in-my-...
Bansters-in-my- feces's picture

Who does the IMF represent.???

Not me.

Are they demoratcally elected.?

Are the peoples better interst at stake,over the Bankers.???

Where do they get their money.???

Did they steal it.???

so many questions,with answers no one wants to hear....

What a fucking joke.

Oooppps...Star Search on....gotta go.

Tue, 06/28/2011 - 16:26 | 1409881 falak pema
falak pema's picture

China has just published figures concerning its level of debt at municipal level : huge!

If added up with different central government debts the total debt level overall is 82% of GDP! equivalent to France. A lot of this is hidden debts held by private chinese banks in real estate which are worth nothing. So China joins the club of debt ridden countries, in spite its huge currency reserves!

Tue, 06/28/2011 - 16:42 | 1409949 Josephine29
Josephine29's picture

Truly the lunatics have taken over the asylum

Tue, 06/28/2011 - 17:03 | 1409990 tamboo
Tue, 06/28/2011 - 17:56 | 1410126 Problem Is
Problem Is's picture

Christine Lagarde looks like Strauss-Kahn in a dress...

You really can't tell them apart....

I am sure she can strap it on and sodomize a maid with the best of the IMF big wigs... For continuity sake... looks like an excellent choice... Now we can all move along...

Tue, 06/28/2011 - 17:55 | 1410141 Ted K
Ted K's picture

China cannot crack the whip dominatrix style on the Greek street boy slaves like Lagarde can.

Lagarde: "Bend over greek bitch boy!!! Bend over NOW!!! Now for the eggplant!!! myyyeeeeooooooh!!! You must lick the floor what the French bankers spanked out for you!!! Lick it off the floor NOW!!!"

Tue, 06/28/2011 - 18:59 | 1410253 Coldfire
Coldfire's picture

Yes, Lagarde is the man for the job. Sneaky, insider, corrupt. He will fit right in.

Tue, 06/28/2011 - 21:49 | 1410521 Eireann go Brach
Eireann go Brach's picture

Fucking French Cunt!

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