Did the State of Israel make a monkey out of you?
Global investors are entitled to feel duped by the resignation of Stanley Fischer less than a day after Israel raised a $2 billion overseas debt offering.
On Monday night, Israel raised $2 billion in an overseas offering of debt, in two series: one of 10-year bonds and one of long-term 30-year bonds. The accountant general's people over at the Finance Ministry said the investment community pounced on the debt. Demand soared to $9 billion, some 4.5 times the amount Israel sought to raise.