Friday, May 20, 2011

Who's Paying For All This Luxury?

From Slate:

Dominique Strauss-Kahn, the managing director of the International Monetary Fund, allegedly sexually assaulted a maid in a $3,000-a-night Midtown Manhattan hotel suite this weekend. Then, police arrested him in the first-class cabin of a Paris-bound flight. How can a socialist public servant afford such a luxurious life?

DSK's compensation and expenses are in line with his peers, the small handful of central bankers and finance ministers at the helm of the global economy. The president of the World Bank, for instance, makes almost exactly same amount. As per the bank's most recent annual report, Director Robert Zoellick earns $441,980 in salary, plus $79,120 for living expenses.

Nevertheless, DSK's finances became a major issue in his home country of France even before his arrest. This spring, he faced accusations of being a "champagne socialist" after a photograph of him climbing into a $100,000 Porsche* got play in the papers. (The car was not his.) And France Soir published a viral hit-job-slash-investigation, reporting he wears suits made by Barack Obama's tailor that cost up to $35,000. (DSK denies the allegation.)

Wait. Did I just read that Barack Obama's tailor charges $35,000 for a suit?!?!? Who do you think is paying for that? And just why do Socialists need such expensive clothes?

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