The DSKing Of Christine Lagarde: IMF Head Formally Charged In Fraud Probe

Tyler Durden's picture


Ah, the perils of European power politics.

A day after France revealed its new government, the person who so eagerly stepped in after DSK's infamous and choreographed fall from grace and the IMF presidency (not to mention his derailed French presidential ambitions, greenlighting Hollande as what would become the worst French president ever), Christine Lagarde is about to be DSKed herself after "someone" clearly has set their sights on the former French finance minister.

Several hours ago the news hit that a French court has put Christine Lagarde, head of the International Monetary Fund, under a formal probe for negligence in a corruption investigation dating back to her days as finance minister.  To be sure, this development is hardly a shock: recall that it was over a year ago when "IMF's Lagarde Flat Raided Over French 'Payout' Probe" with her ascent to the head of the IMF also riddled with numerous allegations of impropriety involving the Tapie matter. However, until now, such outside interventions were below the radar, and certainly never escalated to anything formal or official. Alas, it now appears that Madame's time has come, even if Lagarde hasn't grasped it just yet.

From the WSJ:

Ms. Lagarde confirmed the decision in a statement but said it was "without basis," adding she would challenge it with a higher court. She said she was heading back to Washington Wednesday and would brief the IMF board about the latest development.


The investigation is part of a complex, drawn-out probe into the alleged misuse of state funds. The case stems from a decision in the 2008 to use arbitration to settle a dispute with business tycoon Bernard Tapie. The arbitration panel awarded €420 million to Mr. Tapie.


"The magistrates of the court of justice of the Republic have decided to place me under formal investigation," Ms. Lagarde said in statement. "After three years of procedure, the sole surviving allegation is that through inadvertence or inattention I may have failed to intervene to block the arbitration that brought to an end the longstanding Tapie litigation," she added.

Bloomberg adds:

IMF issues statement after Managing Director Christine Lagarde put under formal investigation for her role in an arbitration case during her time as French finance minister.


IMF spokesman Gerry Rice: “She is now on her way back to Washington and will, of course, brief the board as soon as possible. Until then, we have no further comment”

Regardless of the spin, at this point it's all over for the first female president of the IMF, whose departure has come with the same facility as her ascent.

The only question is who and why was angered by her policies over the past three years, and who will be her replacement. And most importantly, is the imminent shift at the top of the IMF indicative of what the CFR pitched yesterday when it proposed that the time has come for Bernanke's money paradrop. After all, one would need an even more obedient puppet at the head of the monetary fund if such an idiotic plan is to even be able to take off the ground, so to speak.

As for Lagarde, we are confident she and Angelo Mozillo will have enough fake tanning tips to exchange during their long and worry-free retirement.

And with that, Bill was finally Killed.

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Wed, 08/27/2014 - 08:01 | 5148413 stant
stant's picture

What? Her ouiji board is a Chinese counterfeit?

Wed, 08/27/2014 - 08:12 | 5148442 GetZeeGold
GetZeeGold's picture



Oh she's so gonna put a hex on you bitch.

Wed, 08/27/2014 - 08:17 | 5148459 max2205
max2205's picture

Her dick is bigger than David's

Wed, 08/27/2014 - 10:17 | 5148924 philipat
philipat's picture

Sorry, was that the DSKIng or "Fisting" of Christne Lagarde??

She belongs with "The Man with the Tan" (Angelo) in The Virgin Islands. No, actually, come to think of it, in jail. She might, in the interim, be sentenced to spend two years with Strauss-Kahn??

Wed, 08/27/2014 - 18:40 | 5151562 UnpatrioticHoarder
UnpatrioticHoarder's picture

2014 is certainly turning out to be a magical year

Wed, 08/27/2014 - 08:20 | 5148461 Bioscale
Bioscale's picture

Charged on 27th of august.. here you go with a 7 again..just kidding

I do as I'm told

Wed, 08/27/2014 - 08:28 | 5148491 GetZeeGold
GetZeeGold's picture



Just hold your breath.....and pray nothing bad happens.


Had I gone to that much trouble.....I would have made sure at least something happened.....just sayin.

Wed, 08/27/2014 - 08:49 | 5148567 Bioscale
Bioscale's picture

Something is going to happen, no doubt. And you can be sure it will be this year (sept/oct).

Wed, 08/27/2014 - 08:59 | 5148601 Manthong
Manthong's picture

This pair kind of looks like twins.

Are they brothers?

Wed, 08/27/2014 - 09:13 | 5148664 PT
PT's picture

27/8/2014:  2+7+8+2+1+4 = 24.  2+4 = 6

6 ?????????


Then again, what's happening tomorrow?



Wed, 08/27/2014 - 09:15 | 5148682 Cacete de Ouro
Cacete de Ouro's picture

2+7 = 9

9 = 3 * 3

33rd degree

"Thank you so much, merci beaucoup. As you can tell, I do as I'm told and I thought I had to stand up at the time when my immediate predecessor would sit down and clearly I failed."

They’re mostly all Masons,” says Coignard of the Carlton’s ringleaders.

The investigation into the prostitution ring in Lille ultimately swept up 10 suspects, including Mr. Strauss-Kahn. They knew each other largely through their membership as French Freemasons, according to Karl Vandamme, a defense lawyer who represents Fabrice Paszkowski, the owner of a medical supply company who played a crucial role in organizing the sex parties.

Wed, 08/27/2014 - 10:18 | 5148942 GetZeeGold
GetZeeGold's picture



Damn you math freaks......slow down.....I'm a blonde.

Wed, 08/27/2014 - 08:26 | 5148492 SAT 800
SAT 800's picture

"Rick, I'm shocked; shocked, I say, to see that corruption has been going on here".

Wed, 08/27/2014 - 09:00 | 5148608 Grinder74
Grinder74's picture

So she and Rick and Perry can share a cell now?

Wed, 08/27/2014 - 09:44 | 5148796 junction
junction's picture

Drudge Report has the LaGarde news as the banner headline.  How will she afford to pay for her tanning sessions and botox treatments without her IMF President salary?  Who knows what promises she made to former NYC Mayor Bloomberg to get DSK framed for having sex with a former Mali prostitute?  When you deal with the NWO, be prepared to be tossed under the bus when your usefulness is at an end.  Au revoir, you corrupt bitch!

Wed, 08/27/2014 - 10:10 | 5148910 Freddie
Freddie's picture

Don't forget she is totally connected to university of CHICAGO.    She is an Obama person.  France supposedly is controlled by Red Shield like UK and USA.   One wonders if there are any good guys in this story.  She is a c*nt.

Wed, 08/27/2014 - 11:54 | 5149369 mc225
mc225's picture

looks like a tranny... 'not that there's anything wrong with that'.

Wed, 08/27/2014 - 09:51 | 5148828 Canadian Dirtlump
Canadian Dirtlump's picture

1 - I still maintain that she was formed in an alchemical chamber as a demonic homunculis using ( among other things ) a mandrake root and a pair of George Hamilton's soiled speedos.


2 - I recall this investigation was opened in 2011 and scuttled when she was to take the seat.


Sum total is this - get them all to report to the disco, chain the doors from the outside and call in an airstrike and drop several thermobaric bombs on it.



Wed, 08/27/2014 - 08:06 | 5148414 viedoklis_lv
viedoklis_lv's picture

Mother of Russian soldier, asks Ukranians to give her back sons dead body:

Russian soldier asks Putin regime not to send russians to die in Ukraine - it's not russian war.

Russian soldiers knew that they where send to Ukraine:

Dead russian soldier funeral - those who died in Ukraine


But Putin still contiues to lie that there are no Russian soldiers in Ukraine

Wed, 08/27/2014 - 08:09 | 5148435 TheFourthStooge-ing
TheFourthStooge-ing's picture

Ah, viedorkolis, the Lithustonian polack, comes singing the same tired songs.

Another day, same propaganda bin.

These Yatzi propagandists love to depict themselves as innovative. They would be welcomed to show their innovation in their cheap propaganda.

Wed, 08/27/2014 - 08:17 | 5148453 GetZeeGold
GetZeeGold's picture



Shout out to my KGB bitchez this know who you are.

Wed, 08/27/2014 - 08:42 | 5148545 Toolshed
Toolshed's picture

Youtube? You must work for the State Dept.

Wed, 08/27/2014 - 09:54 | 5148846 Canadian Dirtlump
Canadian Dirtlump's picture

Given your avatar looks like a dissembled swastika, I think it clear that you are on the team of the neo-nazi militias / politicians who, along with the likes of victoria nudelman ( daughter of a legitimate madman ) have decided that Ukraine needs to be put in the position of indentured debt slave to the West, while simultaneously getting the daily double of walking us towards WW3 with Russia.


Wed, 08/27/2014 - 10:05 | 5148884 viedoklis_lv
viedoklis_lv's picture

Google swastika and compare to my avatar. Now, tell me what is similar? Sharp lines? Anything else?

My avatar represents ancient Latvian symbol that stads for life and light.

Wed, 08/27/2014 - 10:11 | 5148919 Canadian Dirtlump
Canadian Dirtlump's picture

I don't need to google it, I merely refer to my tramp stamp ( don't ask ).

Wed, 08/27/2014 - 15:21 | 5150661 COSMOS
COSMOS's picture

You had to be strung out on some serious shit to come up with that as a symbol for life etc.

Just use the peace sign dude, it sticks better.

Wed, 08/27/2014 - 10:16 | 5148937 Freddie
Freddie's picture

The really sad story is the Ukies are threatened and will be shot if they try to avoid being drafted in the illegal zio-Junta's phony army.   The poor Ukie bastards are being killed off like rats.  The Novorussiyans are telling them that they do not want to kill them and to walk away.

The Ukie Army is using a lot of Poles, stoned Africans and other mercenaries including Americans.

How the Ukie Army is being destroyed in Cauldrons

Wed, 08/27/2014 - 16:31 | 5151072 TheRedScourge
TheRedScourge's picture

If you dump the funeral video's description text into Google Translate, it tells you that they were infact members of the Ukrainian pro-Russian insurgent group "The Russian Orthodox Army". This kind of defeats your argument.

Wed, 08/27/2014 - 08:03 | 5148418 TheFourthStooge-ing
TheFourthStooge-ing's picture

Ms. Orange Unsmoothie should try the Agent Orange defense: "I'm sick".

Wed, 08/27/2014 - 08:07 | 5148430 MeMongo
MeMongo's picture

"The olde guard" " the olde battle axe"

Lagarde=Tribal cheesepope!

No formal charges GUARANTEED!

Wed, 08/27/2014 - 08:11 | 5148437 old naughty
old naughty's picture

and she would, just like all other women in power, stick up the middle finger, and say: :Fxck you, France".

Wed, 08/27/2014 - 08:28 | 5148498 old naughty
old naughty's picture

btw, what's with the bag, bag-MAN?

And how was Bill killed, again?

Wed, 08/27/2014 - 08:32 | 5148505 SAT 800
SAT 800's picture

LOL. Cheesepope. IMF Cheesepope. Not good for public relations image of sacred IMF. Be interesting to see how this develops.

Wed, 08/27/2014 - 08:24 | 5148486 BandGap
BandGap's picture

Ms. Weeping Cheeto

Wed, 08/27/2014 - 08:05 | 5148420 Dubaibanker
Dubaibanker's picture

Another top level person who dared to speak the truth and wanted the world to be equal and mutually

We await her unceremonious departure as the Head of IMF!

Who wants to bet that the next Head of IMF may be from the alumni of the vampire squid? 

Wed, 08/27/2014 - 08:13 | 5148434 Quinvarius
Quinvarius's picture

Legarde was a worthless hack.  She doesn't even understand banking.  Her speeched were borderline insane.  The only people who know what they are doing and how things work are stealing everything.    The public faces of authority are weak minded, talentless fools.  They are there precisely because they can't figure out what is really going on.

Wed, 08/27/2014 - 08:22 | 5148479 Dubaibanker
Dubaibanker's picture

Watch this... anyone downvoting my comment.....what she said on PBS in April 2014 that "giving more voice to China, Emerging market economies etc because it is representative of where the world is going"....

She also said 'the world is growing slowly and could have years of slow growth"...'eliminate barriers'. 'reforming the job market' 

She did speak the truth!

Wed, 08/27/2014 - 08:48 | 5148566 hairInTheSoup
hairInTheSoup's picture

"...'eliminate barriers'. 'reforming the job market' = imf becomes officially the one world gvt

Wed, 08/27/2014 - 09:20 | 5148702 PT
PT's picture

" ... where the world is going ..." sounds so much like fate, destiny, something unavoidable.  Then no-one has to be held to account.  Much nicer than the more accurate, "... where we are sending everything ..."

Wed, 08/27/2014 - 11:46 | 5149345 rqb1
rqb1's picture

Dude, she may be better than DSK but that doesnt mean much. 

I actually missed DSK b/c any forcast the imf gave, when he was there,  was wrong.

You could always trust them to try to mislead people.

Wed, 08/27/2014 - 11:56 | 5149388 mc225
mc225's picture

i'm sure she's wonderful.

Wed, 08/27/2014 - 10:44 | 5149053 GoldenGeezer
GoldenGeezer's picture

"The only people who know what they are doing and how things work are stealing everything."

Do you mean like this guy?


Just a little Wednsday humor.

Wed, 08/27/2014 - 08:50 | 5148546 hairInTheSoup
hairInTheSoup's picture

"who dared to speak the truth"


seriously ? when did she dare to say that the imf is a terrorist organisation & the reserve rate financial paradigm a complete scam making people of the world slave of the banksters ?

Wed, 08/27/2014 - 11:11 | 5149172 Dubaibanker
Dubaibanker's picture

She spoke the the sense that she wanted everything to be equal...and wanted other nations to have more voting power.....and perhaps said things out of line.

That is why she is being humiliated publicly because she spoke against the powers that be....

The whole thing got digressed because of my silly choice of words.

The fact is that she is being humiliated and will be removed and a Goldman banker may take her place.

Thu, 08/28/2014 - 04:19 | 5152827 hairInTheSoup
hairInTheSoup's picture

when as an imf boss  she tells she wants everything to be equal, she doesn't mean for usa or emerging countries to adopt the free health care & harsh (for employer) labor laws of a few european countries (germany, sweden, norway, finland, france...), she means for those european countries to drop their regulations & privatise everything &  end up becoming the same kind of society as usa.

you're so mistaken about lagarde, she's a scary bitch (i'm french i'd dare to say, i know where she's coming from & that's not Sherwood)

Wed, 08/27/2014 - 08:06 | 5148421 p00k1e
p00k1e's picture

Hmm....  The Sun is still rising here. 

Wed, 08/27/2014 - 08:06 | 5148426 q99x2
q99x2's picture

Oops there goes another waterbug. As a banker she still has time to jump.

Wed, 08/27/2014 - 08:13 | 5148444 kowalli
kowalli's picture

jump from a window

Wed, 08/27/2014 - 08:08 | 5148428 Chippewa Partners
Chippewa Partners's picture

Her sentence will be to attend further tanning bed sessions.    

Wed, 08/27/2014 - 08:20 | 5148470 GetZeeGold
GetZeeGold's picture



Oh my gosh no......not the briar patch......anything but that.

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