Dominique Strauss-Kahn Resigns From IMF After Arrest & Sexual Assault Charges (Update: Granted Bail)

Four days after IMF Dominique Strauss-Kahn was arrested for an alleged sexual assault of a NYC maid, Strauss-Kahn has resigned from the IMF. Talk about your fall from grace, literally from the penthouse to the jail house. However, who did not see this coming after the sexual assault charges were made, bail was denied and the investigation began?

Dominique Strauss-Kahn resigned Wednesday as head of the International Monetary Fund after explosive accusations that he had sexually attacked a housekeeper in a Midtown Manhattan hotel room.

“It is with infinite sadness that I feel compelled today to present to the Executive Board my resignation from my post of managing director of the I.M.F.,” he said in a statement issued Wednesday, shortly after midnight, by the I.M.F. “I think at this time first of my wife — whom I love more than anything — of my children, of my family, of my friends.”

Dominique Strauss-Kahn remains on suicide watch.

UPDATE I: Dominique Strauss-Kahn finally granted bail; however, the damage has been done. As reported at the Telegraph, IMF head ‘hired prostitutes from Manhattan madam’.  What a class act, and this guy was an odds on favorite to become France’s next President. Not any more.

The judge, Michael J. Obus of State Supreme Court in Manhattan, agreed to those conditions, also requiring $5 million bond to be posted. Mr. Strauss-Kahn was not expected to be released into home confinement until Friday, after the judge made the bail agreement final.