Could DSK have been Spitzered?
Mike Whitney's latest gives some compelling reasons that the banking elite would be rather elated to see DSK outed.
Perhaps most tellingly, Strauss-Kahn was making progress at implementing the SDR in place of the US dollar.
DSK also pushed a deal for bankers to take 66% haircuts on Irish bonds during the Ireland bailout negotiation.
Can you imagine the gall!?! 66% haircuts for senior bondholders!?! The nerve! The deal was ultimately nixed by none other than our own Turbo Tim Geithner. We're sure that move alone was enough to make more than a few banking elite enemies.
While it is still highly possible that DSK did in fact rape a NY maid Sunday, a complete vilification of DSK has nonetheless been waged by the banking cable.
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