Jailed IMF chief steps down with immediate effect
(NEWSER) - Dominique Strauss-Kahn has stepped down as director of the International Monetary Fund. Strauss-Kahn, who is being held in New York's Rikers Island prison on sexual assault charges, denied the charges against him but said he wanted to protect his family and the IMF, reports the New York Times . The Frenchman, once seen as the likeliest candidate to oust President Nicolas Sarkozy, has a bail hearing Thursday, More»