Dominique Strauss -Kahn Resigns as IMF Chief

Dominique Strauss-Kahn has submitted his resignation as head of IMF. In his statement, he also asserted his innocence of the charged crimes.

“I want to say that I deny with the greatest possible firmness all of the allegations that have been made against me.”

His new request for bail will be heard at 2:15 today by NY State Supreme Court Justice Michael J. Obus. Strauss-Kahn has also submitted a waiver of extradition, allowing the U.S. to return him to the U.S. from any country in which he is found.

“In the event I fail to voluntarily appear in the New York court for any such proceedings, I waive the issuance and service of the warrant provided by law for my extradition from the Republic of France or any other jurisdiction.”

Prediction: Bail will(and should be) granted.

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    So Seal ream 6 can just (5.00 / 1) (#2)
    by oculus on Thu May 19, 2011 at 07:10:11 AM EST
    extricate defendant from where ever he may happen to be?  Doubt it. What if he makes it to Switzerland. Precedent.  

    Which is precisely why (5.00 / 1) (#4)
    by jbindc on Thu May 19, 2011 at 08:34:14 AM EST
    He resigned.  This case could drag out for months, and the IMF cannot be held in limbo, especially when there is still a global financial crisis at hand.  Whether or not he is acquitted, the business of the IMF must continue starting today and cannot wait until the resolution of this matter.

    Not Sure What... (5.00 / 1) (#5)
    by ScottW714 on Thu May 19, 2011 at 08:50:26 AM EST
    ... will make it to court, but the slew of allegations creepily similar has got to be killing the jury pool.  Every time I read something or flip on the TV, there is another woman claiming he accosted her.

    No matter what happened in that hotel, he is done.  Way too many women, some of whom filed police reports, coming forward for him to get his reputation back.  Even if he's acquitted here, some other country is going to snatch him up and start the process over.

    I know this site assumes he is innocent, and maybe he is, but damn, how can one man accumulate so many female haters in the world.

    And this business of not admitting anything happened, but if it did it was consensual, might be a legal maneuver, but to laymen like as myself, it's pathetic.  Waiting for the evidence to decide what 'story' they are going to stick with.  To me it says he's hiding something, namely the truth.

    What does the waiver (none / 0) (#3)
    by Green26 on Thu May 19, 2011 at 08:25:37 AM EST
    of issuance and service do? Does it prevent him from fighting extradition?

    Jeralyn, you need a proofreader! (none / 0) (#6)
    by Anne on Thu May 19, 2011 at 09:45:15 AM EST
    You have left out the second "i" in Strauss-Kahn's first name - and in two places: the title to the post and the first paragraph; you have "Dominque" instead of the correct "Dominique."

    Also missing the hyphen between "Strauss" and "Kahn," in the same two places.

    IMF's image (none / 0) (#7)
    by Abdul Abulbul Amir on Thu May 19, 2011 at 09:57:57 AM EST

    This is not so much a reflection on the IMF, but rather the ruling class in general.  


    NYDN reports (none / 0) (#8)
    by scribe on Thu May 19, 2011 at 05:25:41 PM EST
    he's been indicted (7 counts) and he will get bail under some conditions which would be onerous for pretty much anyone.

    The charges:

    two counts of criminal sexual acts, and single counts of attempted rape, first-degree sex abuse, unlawful imprisonment in first degree, third-degree sex abuse and forcible touching.

    The bail conditions:

    $1 million cash bail, along with house arrest and the posting of a $5 million bond.

    But he won't leave jail until Friday because officials are working out the logistics of his release.
    * * *
    Under terms of his bail package, the just-resigned head of the International Monetary Fund must remain under armed guard around the clock, agree to electronic monitoring and surrender his travel documents.

    The cost of the conditions: a staggering $200,000 a month, prosecutors said. The $5 million bond will come from the family putting up their Washington home.

    The whole suicide watch thing is pretty much SOP when the defendant is a rich guy inside on his first time into the system.  Jailhouse suicides are most common in people who have never been in jail/serious trouble before, because of the sudden change of circumstances, the helplessness and disempowerment and degradation of jail is enough to push some people over the edge.