Well now it’s really conventional wisdom. IMF Managing director Strauss-Kahn says that the global economic freefall may be starting to abate. He pleads for toxic assets to be removed from bank balance sheets. Turning to the IMF, he says the recent cash infusion shows the world community has trust in the IMF and he appeals for countries to turn to the fund before economies are in crisis. Given the IMF’s track record, that is going to be a tough sale.
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