This was nothing short of Racketeering, but it happened because Insurance Companies and Credit Lenders with much less conservative practices, became the norm. These banks suffered, because they stopped acting like banks and started acting like Cartels and Loan Sharks, bringing the sickness of both industries to the homes of well, everyone.
Israel is Not immune from this problem, though it is resistant to the damages, still possessing real assets instead of pure floating numbers and with a more communal system providing for base necessities these will be far less threatened. |
|
