James McKee

The Head of the IMF Has Been Arrested



Posted: Sunday, May 15, 2011

by James McKee
http://www.forex.tradingcharts.com

With the world’s economy in shambles on a nearly perpetual basis you would think that those who are in charge of its supposed “recovery” would be on the job full time.  Apparently that is not the case as has been recently proven by the IMF’s President who was arrested for sexual assault on a hotel maid.  The assault has stunned many in the financial world and beyond who wonder if such behavior is indicative of a larger problem.  The maid’s claims have not been substantiated or refuted as of yet; however, there has been quite an uproar in the media so far.

This incident comes in the wake of some of the most tumultuous economic developments the world has ever known, Japan is still in the process of recovering and many other countries are still reeling from their own troubles, the trouble in Europe has seriously degraded the Euro against the USD recently.  Such changes are quite uncommon on the online forex exchange and as a result many traders have lost significant amounts of money.  The recent arrest of the President of the IMF has left many people scratching their heads in terms of what it will mean for the financial market in the short and long term. 

Unfortunately, it can only be bad at this point and there is little to no doubt that there will be serious repercussions for the IMF president, but also for the organization’s image as well.  There will be talk of this incident for years to come as many are left to consider what exactly is being done about the economy, and who the people are that are making these changes.  Considering the fact that the fate of several countries is in the hands of a man who is being accused of sexual assault some things need to be re-evaluated are in order.

The author is a Forex trader and financial analyst residing in Denver, Colorado.  To stay up to date on all the latest developments in the financial world and beyond be sure to stay up to date with the latest forex quotes.
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