One could argue that World Bank president Robert Zoellick, who was an executive with that 'honest and upright financial institution Goldman Sachs whose history must have earned it a place in Dante's Inferno', is probably worse than DSK.(see my postings (2 Sept. 2010, 9 Nov. 2010) on Goldman Sachs Goldman, a case that permitted Greece to borrow €1 billion without adding to its public debt figures in 2001, as part of 'swaps' in which Goldman was involved in a number of countries and which are partly responsible for the global recession of 2008-present.)
Having DSK in charge, the IMF could claim that it is not headed by a right winger, but a self-proclaimed leftist who enjoyed institutional legitimacy of an otherwise conservative party parading under a Socialist mask. In short, whether Conservative or Socialist, policies are the same! Who better to co-opt the rest of the Socialists and Laborites around the world, most of who are no different than the Conservatives once they take power; who else but a Socialist to deradicalize the working class and middle class that are opposed to austerity?
Unfortunately the ratings-hungry media is focused on tantalizing and sensational aspects of the DSK, instead of IMF policies carried out to benefit finance capital and impacting the lives of millions of people around the world. The legal system, which DSK has the financial means and political influence to tame, will decide his personal fate. Who will do something about the institution that DSK headed and which decides the fate of countries around the world (middle class and labor) that the IMF helps to impoverish in order to strengthen finance capital?
Our modern culture conditioned by the corporate media has conditioned the mass mind to think in terms of the politics of personality, instead of the politics of policy> In other words, people are more focused on the scandalous details of a politician's or a powerful individual's personal life than they are of policies that individual pursued that potentially had disastrous impact on the lives of millions. The politics of personality is another way that modern society has managed to keep people anesthetized to real issues, instead distracting them by juicy talk-show type of gossipy details.