Israel’s economy is dominated by fantastic wealth in the hands of a few families.  During times of prosperity, these families have used the Israeli banking sector as a form of personal piggy bank to finance expansionary business activities.  This has worked out well for the oligarchs and for the banking sector.  These tycoon families have had ample capital to grow out their wealth and the banks have had very big, captive customers.

But what happens if these Israeli investors suffer from the same global malaise from which all markets and investors are suffering?  Will Israeli oligarchs require a government buyout?

Well, Supervisor of Israel Capital Markets, Insurance and Savings Yadin Anteb, doesn’t think there is a crisis.  When questioned this morning about the government stepping in to help bailout billionaires like Shari