NYC comptroller faces questions over Israel Bonds reversal as CEO challenges financial rationale
New York City has taken another step away from its longstanding financial relationship with Israel, as Comptroller Mark Levine declined to restore a nearly 50-year investment tradition involving Israel Bonds.
City Comptroller Mark Levine is facing questions over his decision not to restore purchases of Israel Bonds, reportedly reversing a campaign pledge as the organization's CEO questioned his financial justification, saying his office only learned of the decision through news reports…
Mark Goldfeder, CEO of the National Jewish Advocacy Center, challenged Levine's explanation and told FOX Business, "So I'm holding him to it, and I have the math, and he is wrong."
Goldfeder said Levine could change his predecessor's restriction and that financial suitability should determine the outcome.
"If it was a bad investment, he should sell it. I'm not arguing that," he said. "And so the smart thing to do and the responsible thing to do is to correct it."
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