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Dominique Strauss-Kahn Resigns From IMF & May Be Replaced By A Woman, Christine Lagarde

After being accused of sexually assaulting a hotel maid in New York City this weekend, Dominique Strass-Kahn, the chief of the International Monetary Fund, resigned from his position on Wednesday. Strauss-Kahn was charged with attempted rape, forcible touching, sexual abuse, and unlawful imprisonment, among other charges. He was denied the $1 million bail posted by his wife on Monday and is currently imprisoned at NYC’s Rikers Island. The formal letter of resignation he submitted last night denied all the charges against him:

“To all, I want to say that I deny with the greatest possible firmness all of the allegations that have been made against me. I want to protect this institution which I have served with honor and devotion, and especially—especially—I want to devote all my strength, all my time, and all my energy to proving my innocence.

According to The New York Times, the frontrunner to replace Strauss-Kahn at the IMF is a woman: Christine Lagarde, the French finance minister. If Lagarde were to be appointed, she would be the first-ever woman to hold the top position. Keep reading »

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