Monday, December 19, 2016

Meanwhile, back in the USA ...

My latest for The American Prospect on Trump's cabinet and leadership style.

Lagarde Found "Negligent" but Goes Unpunished

A court of her peers--other politicians--found Christian Lagarde, head of the IMF, "negligent" in her handling of the award of hundreds of millions of euros to Bernard Tapie back when she was minister of finance but decided to impose no penalty. No doubt this jury of peers recognized that her negligence was an occupational hazard of working for a boss (Nicolas Sarkozy) who knew what he wanted and held her own future in his hands. Neither Tapie nor the Crédit Lyonnais being above reproach, what was a few hundred million among friends? Now Lagarde, standing Fabius on his head, is judged "coupable mais pas responsable." Expedient justice.