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Why Should Israeli Taxpayers Bailout Billionaires?
Aaron Katsman (November 27th, 2008) Writes:
As submitted by I’m Right…You’re Wrong
So all the analysts are in great moods as Israel joined the rest of the world in bailing out troubled companies.
According to the JPOST.com: “A further NIS 5b. will be used to set up a number of investment funds in partnership with the pension institutions (provident funds, pension funds and managers’ insurance providers) for the provision of non-bank credit and to deal with the refinancing of bonds. The establishment of the private investment funds will be on the basis of tenders. Out of the NIS 5b., NIS 3b. will be allocated with immediate effect and NIS 2b. in five months time. “The move is designed to support holders of corporate bonds when the bonds mature and to help assure
...Tags for this Post:
Goshen, ILS, Insurance Providers, Israel, israel, Israeli government, Lev Leviev;, leveraged real estate investments;, non-bank credit;, United States
Goshen, ILS, Insurance Providers, Israel, israel, Israeli government, Lev Leviev;, leveraged real estate investments;, non-bank credit;, United States
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