As part of this week’s meetings of the U.S.-Israel Joint Economic Development Group, on Wednesday, Treasury Secretary Tim Geithner and Israeli Finance Ministry Director General Doron Cohen will sign a Memorandum of Understanding establishing a new framework for administering the recently extended U.S.-Israel Loan Guarantee program. The program is designed to help the Israeli government access financial resources from private capital markets at lower rates.
Bottom line: The U.S. guarantees the loans, so Israel can get a better rate for its borrowing than you can on a house mortgage.
This Israel obsession by the US government and idiot fundies borders on OCD or a maybe strong fetish or something.
ReplyDeleteWell, since the US was instrumental in forming Israel (by stealing lands from those godless Mooslumms) it stands to reason TPTB want a powerful ally in that oil rich area.
ReplyDeleteThank God we have Rothbard and Mises (both Jews, both anti-Zionists) on our side.
Yup. The are giants among men.
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