There is a GREAT CNN article I had to make more people aware of- here is the link to the full story:
Here is my take on WHY this is such a great article:
The IMF (int'l Monetary Fund) is looking to raise another $500 billion from its members.
The US is the single biggest member- so they are looking to us to put up about 20-25% (member ratio).
Sec. Geithner is actually holding firm and saying NO- which alone is news.
The World Bank was founded in post-war 1944 and created to redevelop countries. It was expanded to develop emerging countries and keep mid-tier countries developed. The member countries are first members of the IMF, who then also join the World Bank. These 187 countries combine and work through their 10,000 employees and 100 offices worldwide.
The programs are numerous and expansive, but are all contained within 4 primary diversions.