Dominique Strauss-Kahn Sits in Prison While the IMF Keeps Ravaging Entire Economies Every Day

After a salacious week filled with revelations of sexual misconduct by the erstwhile head of the International Monetary Fund, AlterNet focusses on the impact of the IMF on countries impoverished by the global financial meltdown of 2008. Countries such as Greece, Ireland and Portugal have received IMF loans in return for selling off state assets and other austerity measures.
http://www.alternet.org/news/150999/dominique_strauss-kahn_sits_in_prison_while_the_imf_keeps_ravaging_entire_economies_every_day/?utm

"But that’s what the IMF has always done. It provides loans at cheaper rates than countries would receive any other way during times of economic distress, in return for forcing them to open their economies to hot money looking for a good deal. This is based on the premise that public infrastructure and social safety nets are the cause of financial woes, and not the over-leveraged banks that funneled in the hot money to begin with."