By James McKee<\/p>\n
The head of the IMF Dominique Strauss-Kahn has been jailed under suspicion of sexual assault, and as the story continues to unfold in the US media there are calls for his resignation. Strauss-Kahn has already been denied bail once and it is believed he will be seeking out bail again next week, and it is anyone’s guess whether or not he will receive it.
\nIn all likelihood he will have to resign his post and take up a new career, and this is truly surprising since it was believed by many that he would be France’s next president.<\/p>\n
This series of developments has been earth shattering for the world’s media, and the financial world that can hardly believe this has actually occurred. There have been some stories circulating that the events surrounding Strauss-Kahn’s arrest have been known for some time now. It is his position that has likely shielded him from prosecution for the last couple years; the incident in question is supposed to have happened in 2007. While everyone in America is innocent until proven guilty in a court room it seems as if Strauss-Kahn has already been convicted in the court of popular opinion. Only time will tell whether or not Strauss-Kahn resigns quietly or proceeds to defend him self and attempt to keep his job.<\/p>\n
France has come forward to complain about Strauss-Kahn’s treatment in the US with regard to his appearance and an inability to keep it private. In France such incidents are kept under the radar to preserve the privacy of all parties involved, and this is simply not true in America. France’s condemnation appears to have little to no bite behind the bark, and there are not likely to be any political consequences as a result of their anger with the treatment of their citizen.<\/p>\n
The United States financial officials have already stated that they believe a new head of the IMF is absolutely necessary. While the outcome of Mr. Strauss-Kahn’s court case has not been decided his fate as a diplomat in the eyes of the US has come to an end it seems. No one knows for certain whether or not the US will pursue his resignation vehemently; however, since the United States is heavily involved with the IMF it is likely that they will not rest until he is gone. This is another case of guilty until proven innocent, regardless of the facts.<\/p>\n<\/div>\n
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 check out the online forex trading<\/a> regularly.<\/p>\n","protected":false},"excerpt":{"rendered":" By James McKee The head of the IMF Dominique Strauss-Kahn has been jailed under suspicion of sexual assault, and as the story continues to unfold in the US media there are calls for his resignation. Strauss-Kahn has already been denied bail once and it is believed he will be seeking out bail again next week, … <\/p>\n