Mississippi seeks to invest in Israeli bonds

Netanyahu money 10000 dollars

ISRAEL NATIONAL NEWS –  The Mississippi Legislature could authorize the state treasury to invest in Israeli bonds, The Associated Press reported Sunday. According to the news agency, the House passed Senate Bill 2051 last Wednesday by a 118-2 vote. If enacted, the law would allow the state to use excess general funds to invest in bonds issued by Israel.

The bill says these investments must be made in U.S. currency and are capped at $20 million.

State treasury Chief of Staff Michelle Williams said the treasury invests most of its excess funds into state banks, then into the U.S. Treasury. The bill would give the treasury another option for investment which Williams said is safe but with a higher rate of return.

The bill heads back to the Senate for debate, according to AP.

Israel Bonds is the commonly-known name of Development Corporation for Israel (DCI), the U.S. underwriter of debt securities issued by the government of Israel.
Sales of Israel Bonds have increased in the United States in recent years. A record $1.1 billion in Israel Bonds were purchased in the U.S. in 2016.

Last year, the state of Ohio bought a one-day record of $61 million in Israel Bonds, making Ohio the largest holder of Israel Bonds with $165 million.

$40 billion in Israel Bonds have been sold since 1948.

  1. #1 by ladybat2 on 03/05/2018 - 9:34

    MS is one of the bottom feeder states. I’m not surprised. It has been a failed state through out its hate filled existence just like most of the refuse to progress and move forward southern states have been. They should be cut loose and set adrift just like “israel” should be.

  2. #2 by robken on 03/05/2018 - 9:34

    Mississippi, you will be lucky to ever see your capital returned. Israel should be boycotted for their war crimes and crimes against humanity.

  3. #3 by 5 dancing shlomos on 03/07/2018 - 9:34

    not to worry
    mississississpi excess funds
    would be in catfish and mud
    both deserved by jew

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