Detailed text transcripts for TV channel - CNN - 20110519:08:02:00
Later on thursday to ask for bail. he's offering to post $1 million to stay in manhattan under house arrest, to wear an electronic device and surrendered his u.n. travel documents. prosecutors say they will oppose his bail request. the imf says that in the near future, it will explain how it goes about choosing a new managing director. in the meantime, the first deputy director, john lipsky will fill that role. let's go to john defterios. a sense of relief, perhaps, that the resignation has been tendered and now the process of finding a successor can begin? >> reporter: that's a fair comment...