Sounds like theft to me.
I agree with the idea that these deposits were not insured, so had they let the bank fail, the funds could
have been subject to loss. The government, ECB, and IMF involvement muddies the waters, though. Anything that Christine Lagarde is part of is suspect: Link 1
Lagarde's ties to Baker McKenzie in Chicago: LINK 2
Therefore, here are a few questions we should all be asking. Why is a woman who used to work for a law firm, which donated money to Obama's campaign now in charge of the International Monetary Fund? In addition, why, after she is established as the new head of the IMF, is it revealed that the accuser lied about the rape only after the damage was done and Kahn was removed from the post making the lawyer from Chicago-based Baker & Mckenzie the new head?
I'm not one to necessarily join the conspiracy theory that Lagarde was involved in DSK's mess, but she worked with a Chicago law firm with ties to Obama, she's not against expansionary monetary policy (while DSK was assumed to oppose it), and she's under investigation for alleged crimes from the 90's. Where there's smoke, there's fire. Michael Savage pointed this out as this was happening a few years ago, and it's in one of his books. If I had the time to include more credible website links, I would, but I've got to go support the evil engine of capitalism.