Mafia stories

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  • Dominique Strauss-Khan: IMF managing director between 1 November 2007 and 18 May 2011. Arrested on 18 May 2011 accused of sexual assault. On 26 july 2013, accused of aggravated pimping.
  • Christine Lagarde: IMF managing director since 5 July 2011. Since August 2011, investigated in a case of misuse of power and neglicence. Not arrested yet.


This is a good moment to remind “Enough is enough” (also known as “Dear Mr. Camdessus”), the letter written in 1988 by Davison L. Budhoo, an economist who was working in the IMF during 12 years. Michel Camdessus was the IMF managing director between 1987 and 2000.

“Today I resigned from the staff of the International Monetary Fund after over twelve years, and after over 1000 days of official Fund work on the field, hawking your medicines and your bag of tricks to governments and to peoples in Latin American and the Caribbean and Africa. To me resignation is a priceless liberation, for with it I have taken the first big step to that place where I may hope to wash my hands of what in my mind’s eye is the blood of millions of poor and starving peoples. Mr. Camdessus, the blood is so much, you know, it runs in rivers. It dries up too; it cakes all over me; sometimes I feel that there is not enough soap in the whole world to cleanse me from the things I did do in your name and in the name of your predecessors, and under your official seal.”

Here is the complete letter. Davison explains with details the methods that the IMF used to destroy the economy of Trinidad and Tobago, to offer financing later imposing IMF’s conditions: deregulation, privatization and cuts to social spending, the holy trinity of neoliberalism.

Some people are surprised by the fact that the three last IMF managing director are alleged criminals. I would be surprised if a honest person accepted that post in a criminal organization as the IMF is.

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