The IMF chief is apparently too big to jail.

"This should help calm all that they're-only-in-it-for-themselves, anti-establishment feeling out there," quipped Globe and Mail senior international correspondent Mark MacKinnon about the verdict against Lagarde.

By: Lauren McCauley / COMMONDREAMS   Christine Lagarde, head of the International Monetary Fund (IMF), on Monday was found guilty of "negligence" for approving a massive government payout to business tycoon Bernard Tapie during her tenure as French finance minister.

"This should help calm all that they're-only-in-it-for-themselves, anti-establishment feeling out there," quipped Globe and Mail senior international correspondent Mark MacKinnon in response to the latest charge of government corruption.

Though Judge Martine Ract Madoux did not hand down a sentence for the managing director, the court said Largarde "should have done more" to prevent the €405m ($422m) payout, Bloomberg reports.

Tapie, a close associate and financial backer of former French president Nicolas Sarkozy, was awarded the payout in in 2008.

AFP explains:

"An arbitration panel ordered the payout to Tapie in connection with his sale of sportswear company Adidas. The panel upheld Tapie's claim that the Crédit Lyonnais bank had defrauded him by intentionally undervaluing Adidas at the time of the sale and that the state — as the bank's principal shareholder—should compensate him.

"It was Lagarde who, in her role as French finance minister, ordered the case to be heard by an arbitration panel instead of proceeding through the regular courts.