The president of the World Bank will step down from his post in June, leaving the organisation almost a year before his term was due to end.

 

David Malpass announced his decision on social media, without providing a specific reason for his departure.

 

The pick of former US President Donald Trump, he has been criticised as a climate change denier.

 

https://www.bbc.com/news/business-64657711

 

Good riddance.

 

 

This is a guy who kept on attempting to reassure the world that the problems in the housing market in 2007 weren't serious and in fact would probably extend economic growth. 

 

Trump’s hiring the Bear Stearns economist who promised the economy was fine right before it went bankrupt

Famous last words: “Don’t panic about the credit market.”

But despite decent paper credentials, Malpass has a striking track record of poor judgment about major economic issues over the past decade — cheerleading the economy on the verge of the Great Recession while warning of a collapse just as recovery was getting underway.

https://www.vox.com/2017/3/15/14596938/david-malpass-treasury

 

No wonder he got it wrong about climate change. He's a complete and utter ideologue.

Everything Trump touches turns to ....

Bye bye, don’t forget to close the door on your way out.