The race is over: US Endorses Lagarde

As the IMF board prepares to meet today to try to make the decision, Reuters is reporting that US Treasury Secretary has confirmed it – `Mr. Geithner said Lagarde’s “exceptional talent and broad experience will provide invaluable leadership for this indispensable institution at a critical time for the global economy.”

No hint that they’ll just ask her to finish out the remaining year of DSK’s term – this looks like a 5-year appointment.

A big thank you to the US government from IMFboss for keeping the suspense alive for so long.  It also created the illusion of deliberation, maybe even a bit of democracy.


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