Hey! Remember how Argentina defaulted on its debt in 2001? And how it kicked out the IMF a short time later? Well, looks like that was a smart decision. And the significance of yet another IMFer being in deep shit was not lost on the president of that South American land:
Argentine president Cristina Fernández de Kirchner spoke out on Thursday over the detention of Rodrigo Rato, formerly of the International Monetary Fund, who in 2005 proposed to Argentina reform plans and protection of public accounts, and those of the bank, even at the cost of job losses.
“Today I learned that the former IMF official, Rodrigo Rato, ex-minister to José María Aznar, is in jail for money laundering. Those who came to us to tell us how to conduct our politics…in jail for money laundering. Moreover, those who came accusing us of corruption,” said the Argentine president during a public speech in Buenos Aires.
The economic vice-president of Spain during the terms of José María Aznar, ex-president of Bankia and former director of the IMF, Rato was detained on Thursday by Spanish police. The detention followed a search of his home in Madrid by the Revenue Agency of the Madrid Public Prosecutor’s Office. Rato is accused of fraud, money laundering and concealment of assets.
Rato’s office was searched again on Friday while the former vice-president was at home, according to investigative sources.
Oh Cristina, you sly minx. Well might you gloat, since it was your own husband who basically kicked the IMF out, with a little help from Chavecito and Venezuela. I can’t really blame you for being just a wee bit smug at seeing this odious fucker — a former government minister for the fascist ex-PM of Spain, no less! — getting his comeuppance at last. Granted, his scandal isn’t as salacious as Dominique Strauss-Kahn’s chambermaid-rape and sex-trafficking ring, but coming at a time when most Spaniards are chafing under imposed austerity measures as a result of odious debts racked up by the fascist turdling & company themselves, I’m sure there will be all kinds of hell to pay.
Meanwhile, this song bears replaying, does it not?