Market Talk – May 3, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 closed Shanghai closed Hang Seng increased 268.79 points or 1.48% to 18,475.92 ASX 200 increased 42.00 [...]
Lagarde to Stand Trial for Negligence Fraud
If Trump wins, he says he would prosecute Hillary for her crimes. At least in France, the courts are not as corrupt as they are in the United States. The highest court has ruled that the notorious head of the IMF (International Monetary Fund) Christine Lagarde must stand trial for a financial scandal. Back in 2008, Lagarde approved a payout of €400m to a businessman who was notorious and well connected politically. She is accused of negligence and could face a year in prison along with a €15,000 fine if convicted. She should resign from the IMF. I doubt she would do that one. The IMF spokesman came out and publicly stated that the Executive Board “continues to express its confidence in the Managing Director’s ability to effectively carry out her duties.” Just amazing.
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