April 3, 2008 (LPAC)--International Monetary Fund General Director Dominique Strauss Kahn has joined the British Empire's campaign to force national governments to bail out the dead banking system. In an interview with France's Le Figaro Economie, Strauss Kahn invoked the bailout of Credit Lyonnais in the early 1990s as the model for today. Credit Lyonnais, the largest bank in France at the time, had been bankrupted by its own speculative activities, and rather than let it fail, the government decided to bail it out with taxpayer money. All its bad debts and problem financial instruments were dumped into a state-owned company, and new capital was injected into Credit Lyonnais to allow it to continue operation. Strauss Kahn said that "banks will have to be allowed to keep going to unblock a system which is totally frozen."

Following on the heels of the President's Working Group/Federal Reserve bailout/takeover of Bear Stearns, the central bankers--through the BS of BIS's Financial Stability Forum--lobbied for similar government bailouts, and now the IMF has joined the fray. The Fed and the European Central Banks have already made more than $3 trillion in loans to financial institutions since the financial system began to disintegrate in early 2007, these hyperinflationary bailouts have clearly been insufficient, as shown by the new calls for bigger, even more inflationary bailouts for the hopelessly dead system.