King of The Valleys Award 2011

by George_East on January 4, 2012

This Award goes to the individual or institution which has seen their reputation or status fall the most in the course of last year.     In 2011, there could only really be one winner of this award, step forward…Dominique Strauss-Khan.

A year ago high life loving DSK was the managing director of the IMF during the world’s biggest global financial crisis since the 1930s.   A job that most observers believed he was doing extremely well.  The former Chief Economist of the World Bank and leading Keynesian, Joseph Stiglitz described Strauss Khan as a ‘sagacious’ leader, for orientating the IMF away from the neo-liberal economics that had been the hallmark of the disastrous Washington Consensus of the 1980s and 1990s.

DSK was also seen as the hot favourite for the French Presidency this coming April.  The head to head match ups against Nicolas Sarkozy showed him winning comfortably, some with a vote of over 60% in the second round run off phase.  Although he had not formally announced his candidacy, he had indicated that he would not be standing for a further term at the head of the IMF and his selection by the Socialists was expected to be a raging certainty.

And then one day in May he was dragged from his first class seat on an Air France flight from New York to Paris, while it was on its stand at JFK airport.  The subsequent events: the charges of attempted rape of a hotel maid, Nafissatou Diallo, the discovery of his DNA on the maid’s blouse, the admission by him of some sexual activity with the maid, the further allegations of sexual assault from French journalist, Tristane Banon and the alleged links with a prostitution ring, have left him looking like at best a sleazy old bloke and at worst a dangerous sexual predator.   He has even grown a beard.  

DSK you are the worthy successor to Vince Cable as our second winner of the King of the Valleys Award.

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