Originally, the World Bank was founded to offer financial aid to developing countries of the world. It did not take long for the distribution of these funds to become corrupted by politics and selfish interests. As a World Bank attorney, Karen Hudes saw the shadowy schemes of the banking elite, first hand and brings forth a sobering message for the whole world in this interview with Regina Meredith originally webcast September 24, 2013.
Karen Hudes worked in the US Export Import Bank of the US from 1980-1985 and in the Legal Department of the World Bank from 1986-2007. In 2007 Karen warned the US Treasury Department and US Congress that the US would lose its right to appoint the President of the World Bank if the current American President of the World Bank did not play by the rules.