The incompetent Treasury Secretary Timothy Geithner says the Mexican Central Bank Governor Agustin Carstens is “very competent,” according to La Nacion of Paraguay, in his bid to be the next IMF chief. Timothy Geithner is the one who did not see the housing bubble coming and did not anticipate the banks are “too big to fail” problem before it happened as Chairman of the Federal Reserve Board of New York. Mexico is a failed state, Ciudad Juarez may have the highest murder rate in the world.
French Finance Minister Christine Lagarde secured the backing of Indonesia, the world’s most populous Muslim nation and a rising Asian power. Christine Lagarde should win over Carstens.