NYC comptroller faces questions over Israel Bonds reversal as CEO challenges financial rationale
New York City Comptroller Mark Levine has declined to resume the city's purchases of Israel Bonds, which the city had bought for nearly 50 years until his predecessor stopped. Fox Business reports that the move reverses Levine's repeated pledges to restore the investment.
Israel Bonds President and CEO Dani Naveh challenged the financial reasoning, pointing to competitive interest rates, Israel's repayment record and continued investment by other U.S. governments, including New York State. "We learned of the comptroller's decision when it was reported," he said.
Critics quoted by Fox Business question whether the Mamdani administration's stance on Israel influenced what they describe as a financial decision.
Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Fox Business.
