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Anathema to bankers, he endorsed "employment and equity (as) building blocks of economic stability and prosperity, of political stability and peace, (adding) This goes to the heart of the IMF's mandate. It must be placed at the heart of the policy agenda."
Not for Wall Street and other financial giants, focused solely on extracting maximum wealth for themselves at the expense of working households and nations. Lagarde is mandated to assure it. Expertise aside, her background shows ready willingness to comply.
In 2009, the Financial Times called her the best Eurozone finance manager even though her background is law, not economics. The same year, Forbes ranked her the world's 17th most powerful woman. Her official and unpublicized credentials are broad and extensive.
Since June 2007, she was Sarkozy's Minister of Economic Affairs, Finances and Industry. Previously, she was Prime Minister Dominique de Villepin's Minister of Agriculture and Fishing, as well as Minister of Trade. Earlier, she spent years in America, initially in the 1970s as an intern for Rep. William Cohen, later Senator Cohen and Defense Secretary.
In 1981, she joined Baker & McKenzie (B & K), a major international law firm, practicing antitrust and labor law. In 1995, she was elevated to its Executive Committee, was then appointed chairman of its Global Executive Committee in October 1999.
From 1995 - 1998, she chaired B & K's European Regional Council and Professional Development Committee. In 2004 and 2005, she was an ING Groep NV Supervisory Group member, and in 2004, she became president of its Strategy Committee, spending over two decades at B & K before returning to France as de Villepin's trade minister. She also served as Board of Governors chairman for the European Bank for Reconstruction and Development, as well as a Board of Governors member at the European Investment Bank and Inter-American Development Bank.
In May, the Voltaire Network provided more information, excluded from her official resume, including her membership in America's Center for Strategic & International Studies (CSIS), an influential organization emphasizing national security and "advancing (US) global interests." Specializing in crisis management, it's also connected to the highest government and Pentagon levels.
There and later, Lagarde put their interests above her native France, including while heading (with Zbigniew Brzezinski from 1995 - 2002) ISIS' Action USA/EU/Poland commission and the USA-Poland Defense Industries working group.
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