The original excuse for not releasing DSK was because he was a flight risk. Even though his lawyer agreed he would pay a million dollars bail, which his wife had already handily raised, and wear an electronic tracking bracelet.
This was rejected by the original judge because of the flight risk
"Judge Melissa Jackson on Monday denied his bail request of $1 million, saying Strauss-Kahn was a flight risk after he was arrested on board an Air France flight to Paris"
But, that was Monday.
Today is Thursday.
Obviously, one thing and one thing only. This morning, Thursday May 19/2011, DSK resigned as head of the IMF
From his prison cell in New York, Dominique Strauss-Kahn has announced his resignation as head of the International Monetary Fund.
There has been mounting pressure for him to tender his resignation.
US Treasury Secretary Timothy Geithner, among others, said he was in no position to head the IMF.
In fact Timothy Geithner has been very vocal, very, very vocal in calling for DSK to resign.
Lo and Behold, after he announces his resignation, there is another bail hearing and he is released!
Former IMF chief will wear ankle bracelet and be monitored around the clock.
A New York judge has set bail at $1 million for Dominique Strauss-Kahn, and ordered that the French politician be placed under house arrest.
Sounds very much like what was offered Monday, before the resignation.
James wrote a very interesting piece here : The Big Split?
In it he expands on the theory of why DSK had to remain incarcerated.
From the angle of keeping him silent and controlling the message delivered to the masses through the media.
He expands on the banker vs banker theory that I had brought to light with this post.
A very enlightening read.
Thanks for sharing that with us all James!
Now from Gallier 2, who left a link to a most interesting article.-
I have put it through the translate, so it will be a little off, BUT, you will be able to come away clearly with the idea that in Europe this is seen as economic warfare & the attempt to destroy the economies of the Euro-zone.
The DSK case is a US act of war against Europe
The premise being the US is bankrupt. In more ways then one. But, I digress. The solution is to take down the Euro, to subject the euro zone to speculation. Making it easier for the US continue forcing treasury bills on the other nations- This was also the issue with the SDR's.
She said the largest economy in the world is one vast illusion because "to produce a dollar of wealth, it needs $ 6 of debt."
"For this analyst, there is no doubt that the U.S. depends on the solvency of the euro disrepute, because only a crisis of confidence in the single European currency would allow the U.S. to easily sell their future emissions of Treasury bills."one way or another, speculative attacks against the sovereign debt of countries in the euro area will continue, and even intensify in the coming months as the U.S. economy is now moribund. The real question is what form this may take a war of the dollar against the euro, or more precisely how far the U.S. is able to go in their destabilization maneuvers. "
The main Anglo-Saxon hedge funds (4) decided at a dinner Feb. 8, 2010 in New York, bet a concerted manner on the decline of the euro and the deterioration of European debt. He was admitted only after the Greek crisis triggered the domino effect would be a winning move, a real strike against the euro. "
The arrest of Dominique Strauss-Kahn is primarily intended to discredit the IMF, and by extension to amplify the crisis of the euro. The consequences will be direct and important, especially for Greece.
-Anglo-Saxon Hedge funds will not be deprived of the opportunity offered to them on a tray to redouble their speculations on government bonds of Greece, because the IMF is in the eyes of "markets" such as guaranteed the successful completion of the rescue plan put in place last year.
The voice of the IMF is its CEO.
So we should see the price of CDS (Credit Default Swap) on Greek debt soar, the required rate of return on Greek bonds on the secondary market surpass 15%, which would result, as indicated in Earlier this week the economist Nouriel Roubini, "that the failure part of Greece is now inevitable. "If Greece fails, then it's like a game of dominoes, all countries and that European banks will collapse, and the euro, before disappearing.
Hoping you will get the gist of this article? The translate is lacking, but, it's a heck of a lot better then I can manage!
Bankers vs Bankers?