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Friday, 26 December 2014

DSK, Blair, Geithner, Rubin: from politics to finance

by Eric Toussaint, CADTM, 23/12/2014
Translation: Mike Krolikowski, Christine Pagnoulle
The collusion between governments and big business has gone public. At the head of several governments, in important ministerial posts or at the presidency of the ECB, we find men and women who are part and parcel of the world of high finance, in particular former directors of Goldman Sachs. Certain high-profile politicians are rewarded with jobs in big banks once they have fulfilled their loyal service to Big Capital. This revolving-door complicity is not new; it has gained momentum and visibility and become more obvious and systematic than ever before.
The French Socialist Dominique Strauss-Kahn (‘DSK’), who was France’s economy and finance minister towards the end of the 1990s, then Managing Director of the IMF (2007-2011), from which he was compelled to resign, has been on the board of the Anatevka Group, now known as Leyne, Strauss-Kahn and Partners (LSK) since 2013, seeking to develop international investment banking activities. DSK is advisor to several foreign governments, including Serbia and South Sudan, and several corporations, such as the Russian Regional Development Bank, the Russian Direct Investment Fund, the National Credit Bank and a consortium of Moroccan Banks. The group employs around one hundred people in several European countries (Luxembourg, Belgium, Israel, Monaco, Switzerland and Romania) and in tax havens. In March 2014 he launched the DSK Global Investment Fund, a hedge fund set up to speculate on the commodity markets and on interest-rates. |1|
On 23 October 2014, Thierry Leyne, DSK’s partner at the head of LSK, committed suicide in Tel Aviv. 

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