World Bank Fraud
The purpose of the World Bank is to lend billions (as in "B", $X,000,000,000.00) of dollars to corrupt third world nations so that the funds can be siphoned off by corrupt third world politicians. Now, this dubious organization is calling for Wolfowitz' head because of $47,000 -- relative pocket change. He disclosed his relationship with a Bank employee and asked to be recused from her reassignment. Nevertheless, overruling his request to be recused, he was instructed by the Bank's ethic's committee to reassign her and compensate her for the change in positions. Now, he has "lost all credibility", because he did exactly what they said.
Let's be honest. They want his head because he is a neocon responsible for Iraq, not because of his service on the Bank. This is payback time. It certainly is not about a $47,000 raise. However, once again, he has no one to blame but himself. He should have been aware that the Euros were looking for his scalp, and when the ethics committee rejected his request to recuse himself he should have smelled a rat and proceeded with extreme caution -- or better yet flat out refused to act in a situation where he was the one to identify a conflict of interest.
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