(October 2, 2007) There is a very serious aspect to the current economic collapse that no one wants to discuss, neither the economic pundits, the media or the scared politicians.

This concerns an aspect of the subprime scams and, basically and stripped of euphemistic words and propaganda phrases, is that very large amounts of money from various banks and financial institutions and the owners and controllers thereof were, and are being, sent outside this country to a secure area. I am speaking most specifically of American business frantically sending, electronically, huge amounts of money to banks in Israel.

The three banks that are getting most of the stolen money are: Hapoalim group, Bank Leumi group, Discount Bank group. It is not necessary to mention that the senders are all Jewish and it should be noted that Israeli banking concerns practice strict banking security (see their Protection of Privacy Law, 1981 [PPL])

Under the PPL, "an infringement of privacy is, inter alia, a violation of an obligation to maintain secrecy regarding a person's private affairs, established by explicit or implicit agreement.