Paul Wolfowitz will resign from the World Bank in his nepotism scandal.
Not for ethical, but for political reasons, as the United States is the most powerful country in the world, the World Bank board communique on his dismissal is milder than this nepotism in the case of his girlfriend Shaha Riza warrants.
So, about now, quite some unattractive people and things are quitting, all in their own ways: Jerry Fallwell, Donald Rumsfeld, Tony Blair, all of Bush’s “Justice” Department bigwigs except so far its boss Gonzales, Harry’s Place blog …
Dick Cheney and George W. Bush should be next.
See also here.
Bank probity claims hollow
THE World Bank insists on a number of conditions before approving loans to developing nations, one of which is a clampdown on corruption.
The Wolfowitz affair illustrates the hollow nature of the bank’s claim to probity, with the George W Bush-nominated neocon wriggling for weeks and banking on his sponsor to save his skin.
His chutzpah in trying to brazen his way out of a clear case of corruption shows the extent to which the US administration views the bank as its personal fiefdom.
It also validates the decision of such states as Venezuela and Ecuador to distance themselves from the World Bank and the IMF and to set up alternative sources of finance to improve people’s living standards rather than banking profits.
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