Bank of Israel Chief buries head in sand.
It is a simple equation, how much do banks hold in deposits, and how much debt have they got?
When Goldman Sachs, AIG, Fannie Mae and Freddie Mac, amongst others collapse. The Cheif of the Israeli banking system cannot guarantee anything.
And if I was Iran thats what I would be doing with the oil revenue, no need for a bomb simply cause Israel`s economy to collapse.
Especially when Israel`s financial backer is on the verge of total economic collapse. |
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