Ignore the Myth, Capital Market Reform Has Its Good Side, Too

Yes, it enabled the Dankners and others to run up huge debt, but it also helped finance economic growth.

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Last week was a tough one for Israel’s tycoons. A petition was filed against Yossi Maiman to declare him bankrupt; Motti Zisser was faced with a suit by Bank Hapoalim seeking to appoint a receiver over what...