IMF finally knocks on Uncle Sam's door

<http://business.theage.com.au/imf-finally-knocks-on-uncle-sams-door-20080629-2yui.html?page=fullpage>

Der Spiegel wrote that the IMF had "informed" Federal Reserve chairman Ben Bernanke of plans that would have been unheard of in the past: a general examination of the US financial system. The IMF's board of directors has ruled that a so-called Financial Sector Assessment Program is to be carried out in the US.
This, Der Spiegel wrote, "is nothing less than an X-ray of the entire US financial system", adding that "no Fed chief in US history has been forced to submit to the kind of humiliation that Ben Bernanke is facing".

The fact that the IMF is knocking on the very doors of its parents and waving legal papers about who lost the house, the car and the kids will, if the past is anything to go by, be buried in the US by pom-pom waving on CNBC telling all what a great time it is to buy.

<snip for edit>

Der Spiegel reports that the IMF is threatening to seriously study the accounts of America, something President George Bush is determined to prevent at least while he is in the White House, informing the IMF that it can begin its investigation but cannot complete it until he leaves office.

of their own. Wonder if they'll actually submit to an audit and what would happen if they don't? And will it be the Dem's fault?

Therefore, the IMF would seem to have little leverage over the US, unless I'm missing something...

Strange demand from idiot son...what difference does it make if the dirty laundry is aired before he leaves office or after? If there's been any wrong doing, he could still be liable for criminal charges.

is planning to be safely ensconced in a country with no extradition treaties.

He is well aware, as are the folks who work with him, that he is breaking the law. I would also propose that, if he manages to institute martial law, the point is moot.

Thanks George, for making us look like SHIT.

for the neocons for 28 years. You reap what you sow - a fucked up world economy. Data across the globe shows the rich getting richer while national economies are destroyed.