Freepressers

Liquidate the World Bank!

Liquidate the World Bank!

By Sol W. Sanders An old adage holds bureaucracies may successfully pursue their original goals for only a generation. After that their efforts go to feathering their bureaucratic nest. Freddy Mac and Fannie Mae are examples: outrageous executive compensation and payoffs to Congressional friends, all contributing to a housing bust, now requiring more billions in […]

 Freepressers

As the world turns: Soap opera and the future of the IMF

As the world turns: Soap opera and the future of the IMF

 By Sol W. Sanders [In the interests of transparency: the writer was deputy chief of mission for the World Bank, Tokyo, 1970-72.] Whatever the outcome of the bizarre fall from grace of Dominique Strauss-Kahn, the International Monetary Fund’s controversial role has been thrown into sharper focus. Had Mr. Strauss-Kahn departed voluntarily for loftier climes as […]

 FreePressers Staff

WORLD MATTERS: Has Strauss-Kahn run amuck?

WORLD MATTERS: Has Strauss-Kahn run amuck?

By Uwe Siemon-Netto We have been treated to degrading images of the unshaved, handcuffed Dominique Strauss-Kahn (“DSK“) after his arrest for an alleged sex offense of a very serious nature. We have seen the head of the International Monetary Fund, gaunt and hollow-cheeked, before Judge Melissa Jackson who sent him to Rikers Island, where he […]

 Freepressers

About the 'currency war' . . . it has already broken out

By Sol W.  Sanders Annual Washington jamborees of those monuments to post-World War II international economic cooperation, the World Bank and the International Monetary Fund, dramatize by their increasing irrelevance the continuing world economic crisis. Bloated, pampered, tainted bureaucracies whose research is increasingly suspect, they have no solutions. Ultimately, when VIPS go home and November […]