Each member has a "quota"-that is, a financial stake in the IMF, expressed as a percentage-and contributes accordingly. The U.S. quota is 17.09%, followed by Japan at 6.12%, Germany at 5.98% and France and Britain at 4.94% each.
That 17 percent, according to the IMF website, comes to $42.1 billion. A mere drop in the Socialist bucket.
As I tweeted just after the story broke, the first crime that Strauss-Kahn may have committed was a sexual assault on a hotel housekeeper - pretty classy even for a French guy.
The second crime, it seems to me, was that as a Socialist and the head of the International Monetary Fund he was staying in a $3,000 per night suite in a Midtown Manhattan hotel.
Here's the good news: He was denied bail as a flight risk - he was, after all, hauled off a plane which was headed to Paris. Strauss-Kahn is not charged with a federal crime but a state crime. Therefore he is sitting in a cell at the famous Rikers Island prison in New York City.
It costs just under $300 per day to house a prisoner there. With any luck at all Dominique Strauss-Kahn will cost the citizens of the people of New York about what he would have paid for a week in his suite - about two months in Rikers.
I wonder how Sherman came to have a middle name like "Tecumseh?"
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