Where is the money coming from? - Comment - Israel News | Haaretz Daily Newspaper
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    • bronxite10
    • 02.03.10 | 03:27 (IST)

    The U.S. probably can't stop the political shenanigans that go into local zoning, but I wonder if it can stop the loans that undoubtely underlie this housing development. Banks that deal with Iran are frozen out of the U.S. I wonder if banks that finance these short sighted developments (probably with lots of government gaurantees) would be as receptive to advancing development funds if they faced the same consequences. Pity that Haaretz doesn't get into the economics of how the development is being financed.

    from the article: U.S. bemoans Israeli plan for new West Bank houses
    First published 23:25 01.03.10 | Last updated 09:30 02.03.10
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