John Lipsky

John Lipsky  link C-SPAN IMDB Powerbase Sourcewatch (Economist, central banker)
Born	1947-02-19 Cedar Rapids, Iowa, US
Nationality	US
Ethnicity	Jewish
Alma mater	Wesleyan University, Stanford University
Parents	Joan Lipsky
Children	2 daughters 1 son
Relatives	Joan Lipsky
Single Bilderberger bankster. Briefly acted as Managing Director of the International Monetary Fund in scheme to save Wall Street banks.

Not to be confused with John Lipsky (FBI)

John Lipsky is a Wall Street banker who held many jobs with some of the worlds most powerful banks. He was installed as acting Managing Director of the International Monetary Fund after the departure of Dominique Strauss-Kahn, to force Germany to guarantee a Greek bailout instead of international banks taking losses.

Background

Lipsky was born into a Jewish family in Cedar Rapids, Iowa. Lipsky was born to Abbott and Joan Miller Lipsky. His late father ran the family furniture store. His mother was a lawyer who was member of the Iowa House of Representatives and chair of the Iowa Council on Human Services.

Education

Lipsky attended Wesleyan University, taking a B.A. in economics. He then took a M.A. and Ph.D. in economics from Stanford University.

Career

On graduation from Stanford, Lipsky joined the International Monetary Fund, where he helped manage the Fund's exchange rate surveillance procedure. Appointed the IMF's resident representative in Chile from 1978 (during General Augusto Pinochet's military dictatorship), Lipsky returned, in 1980, to the IMF headquarters in Washington D.C. to develop the IMF's analysis of international capital markets. He also participated in negotiations with several member countries.

After 10 years at the IMF, in 1984 he joined Salomon Brothers in New York, working with Henry Kaufman. Based in London, England, from 1989, he was director of the bank's European Economic and Market Analysis Group. He returned to New York in 1994, when appointed the bank's chief economist and a managing director, with an office next to Henry Kaufman. In 1998 he joined JPMorgan as Chief Economist, and on that bank's merger with Chase Manhattan was appointed Chief Economist and Director of Research. He was then appointed to an operation role, becoming vice chairman of JPMorgan Investment Bank.

On September 1, 2006, he returned to the IMF as First Deputy Managing Director, On May 12, 2011, Lipsky announced that he would leave his post at the end of his term on August 31, 2011. Three days later, on May 15, 2011, Lipsky was appointed acting managing director of the IMF, after managing director Dominique Strauss-Kahn's resignation due to being set up on sexual assault charges.

At the IMF, Lispky was part of the effort to force Germany to guarantee a Greek bailout instead of international banks taking financial losses.

His other professional activities have included sitting on the board of directors of the American Council on Germany, the National Bureau of Economic Research, the Japan Society, the advisory board of the Stanford Institute for Economic Policy Research, and the Council on Foreign Relations. On 27 February that year, it was announced that he was joining the board of HSBC

After 2011, he taught at the Johns Hopkins School of Advanced International Studies (SAIS).

Lipsky introduced Elizabeth Holmes of Theranos to the sometime chairman of Oracle, Donald Lucas. Lucas went on become chairman of the board of Theranos.

Opinions

Described the COVID-19 pandemic as an "economic crisis like no other".

References

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