Wednesday, July 02, 2008

The coming boom market in crisis communications, reputation repair, e-discovery, litigation support, and criminal defense

IMF finally knocks on Uncle Sam's door
Der Spiegel wrote that the IMF had "informed" Federal Reserve chairman Ben Bernanke of plans that would have been unheard of in the past: a general examination of the US financial system. The IMF's board of directors has ruled that a so-called Financial Sector Assessment Program is to be carried out in the US.

This, Der Spiegel wrote, "is nothing less than an X-ray of the entire US financial system", adding that "no Fed chief in US history has been forced to submit to the kind of humiliation that Ben Bernanke is facing".

Obviously it is not just Bernanke and the Federal Reserve that is on the line, the entire American financial sector will be sucked into the coming investigations.

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