Scandal At The IMF: Senior Economist Resigns, Says 'Ashamed To Have Had Any Association With Fund At All'
From Zerohedge: “The rats everywhere are now jumping furiously off the Titanic, but few had taken the time to write a letter explaining in detail just how cracked and broken the hull really was. This has now changed, with the departure of Peter Doyle, formerly a division chief in the IMF’s European Department responsible for non-crisis countries and currently an adviser to the Fund. Not content with quietly slinking off the scandal ridden organization which has become the butt of all jokes in the international community, where humor about Lagarde's Louis Vuitton panhandling bag is as pervasive as punch lines about just how incompetent the organization is at actually doing its duty, Doyle has penned the following scathing letter which tears down every myth about the IMF: from its impartiality, to the selection process of its head, to its effectiveness. The letter also contains the following gem: "After twenty years of service, I am ashamed to have had any association with the Fund at all." Pretty much says it all. This is a scandal in the making, and one which may shake to the core the credibility of the IMF in the context of international organization.”
http://www.bbc.co.uk/news/business-18921670
A top economist at the International Monetary Fund has poured scorn on its "tainted" leadership and said he is "ashamed" to have worked there.
Peter Doyle said in a letter to the IMF executive board that he wanted to explain his resignation after 20 years.
READ THE LETTER HERE
http://cnnibusiness.files.wordpress.com/2012/07/doyle.pdf