Tuesday, October 23, 2012

U.S.-Israel Loan Guarantee Extension to be Signed by Geithner

 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.


  1. This Israel obsession by the US government and idiot fundies borders on OCD or a maybe strong fetish or something.

  2. Well, 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.

    Thank God we have Rothbard and Mises (both Jews, both anti-Zionists) on our side.