IMF DSK replacement Christine Lagarde assumes leadership of the International Monetary Fund today, the world’s most powerful woman. Will she be the spoonful of sweetness to make austerity cuts go down? How’s your blood-sugar crashing on Obama? My guess is this fairy grandmother gambit will go down in Europe like an Obama Smurfette. To further my sexist analogy, imagine Lagarde the stereotypical bank loan officer, absolutely immovable. But Lagarde is personable, kindly, and maternal, and she’s willing to extend your loan, on the condition that you forfeit your house and all your possessions, and rent them from her. In the end you have nothing, but you don’t starve. By the way, the sheriff outside work for her. The IMF and the paramilitary riot police -that’s whose army. It’s a contract re-up you can’t refuse. That’s “austerity,” larceny with the improbably-legitimated veneer of usury, and it’s her last best offer.
Cherchez la femme or “get the woman”, used to be an investigative phrase meaning, find the extra-marital affair behind the political intrigue. The effect of this strategy was so absolute that it came to mean looking for the obvious. And so, isn’t the appointment of the silver-coiffed woman to front the severely PR-challenged, greed-saturated IMF, the obvious choice for a facelift?
Look at the IMF, an old boys network rivaled perhaps only by the World Bank. The solitary Lagarde is the next best thing to the superior exotic, one black man. They didn’t have one, and that novelty might be playing itself out already across the pond.
Speaking of the New World, with Lagarde, the IMF avoided the challenger touted as the champion of emerging nations, Bank of Mexico nomineee and corpulence personified, Augustin Carstens. You might remember Carstens as the obesity-suited Fat Bastard from Austin Powers, who kept begging to be given Mini-Me for a snack.
What an unfortunately apt personification of the banking system Augusten Carstens would have been. Try to find a single photograph that wouldn’t have made the IMF aims plain: the bankers are licking their chops not only for your last penny, they want your ribs.
Mexicans have to brave illegal status in the United States to flee the economic policies enforced by their Fat Bastard.