Human Rights Alert, NGO

Joseph Zernik, PhD "

123456xyz@gmail.com "n 33407 x"n, 6133301
13-11-27 Stanley Fischer's legacy in Israel - placing banks above
the law, subservient to the US surveillance apparatus // !"
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===Stanley Fischer's legacy in Israel - placing banks above
the law, subservient to the US surveillance apparatus===
Under Stanley Fischer, Bank of srael established sraeli banks as
an arm of the US surveillance apparatus, reporting to the US
government on their clients. A new Freedom of nformation Act
request by Washington DC attorney James Jatras
(RepealFATCA.com) on new Bank of srael Governor Karnit Flug
would unveil whether she is ready, willing, able to chart a new path
on such fundamental matters.
[j:n:nav]
View in blog: http://inproperinla.blogspot.co.il/2013/11/13-11-27-stanley-
fischers-legacy-in.html
View as PDF:
[pics]

Stanley Fischer, former Bank of srael governor with his newly acquired sraeli
D in 2005; current Bank of srael Governor Karnit Flug in 2013.
____
Occupy Tel-Aviv, November 27 - FATCA (Foreign Account Tax Compliance
Act) is an inherent part of the US surveillance apparatus. t purports to
subject banks worldwide to US jurisdiction, and requires that banks worldwide
routinely report to the US government on all US citizens' financial
transactions. While the law was NOT yet in effect in the US, and with no
basis in the law of the State of srael, then Governor of Bank of srael
encouraged sraeli banks to fabricate FATCA regulations and enforce them in
srael starting January 1, 2013.
1/6
Under Stanley Fischer's tenure as Governor, Bank of srael refused to publish
its own regulations in this matter, or respond on related Freedom of
nformation Act (FOA - srael) requests. The law of the land remained a
secret. At the same time, under such circumstances, refusal by a US citizen
in srael to sign a waiver of privacy to the US government, resulted in the
unlawful seizing of his money, deposited with the sraeli Bank Hapoalim, BM.
Moreover, the Supreme Court of srael refused to duly register and review a
related petition, which alleged that Stanley Fischer exchanged his loyalty to
the laws of the State of srael with loyalty to the laws of another nations and/or
with loyalty to the interests of financial institutions.
Following the early and hasty departure of Stanley Fischer from his Bank of
srael post, Karnit Flug was recently appointed the new Governor of Bank of
srael.
Now, Washington DC attorney James Jatras, of RepealFATC.com filed a
request with Governor Flug to disclose its FATCA related policy. The letter
sums it up as follows: "instant inquiry seeks to elucidate whether under your
tenure as Governor, Bank of srael and the sraeli banking system will operate
in compliance with the laws of the State of srael, or remain subservient to the
extrajurisdictional demands of the US Treasury Department..."
Attorney Jatras's letter to Governor Flug was accompanied by a letter, dated
January 27, 2013, on behalf of then Governor of Bank of srael Stanley
Fischer, purporting to explain the legal foundation for the seizing by the sraeli
Bank Hapoalim, BM, of the funds of a US citizen residing in srael, who
refused to sign a waiver of privacy to the US government. Attorney Jatras's
letter to Ms Flug is also accompanied by Attorney Jatras's own opinion letter,
dated February 6, 2013, regarding Bank of srael Fischer's bogus legal claims.
Beyond the matter of FATCA, Attorney Jatras's FOA request will document
Governor Flug's approach to FOA compliance by Bank of srael. Under
Stanley Fischer, Bank of srael became notorious for its lack of transparency
and refusal to respond on FOA requests.
Needless to say, current conditions, established by Stanley Fischer, disregard
not only the Rule of Law, but even the principle of Publicity of the Law.
ntegrity of Stanley Fischer, during his tenure as a senior MF officer, relative
to the financial crisis in Argentina, was previously questioned by none other
than Nobel Prize winner Joseph Stiglitz. n his 2002 book, Globalization and
ts Discontents, Stiglitz questioned the integrity of Fischer's conduct in this
matter, and raised the possibility that Fischer was in fact doing the bidding of
US interests instead.
2/6
However, the case of FATCA's unlawful implementation and enforcement in
srael under Stanley Fischer's tenure in Bank of srael, provides a much better
documented example of conduct of the same nature. Moreover, the general
outcome of such conduct by Stanley Fischer as Governor of Bank of srael
was to place sraeli banks above sraeli law.
t remains to be seen whether Governor Karnit Flug is ready, willing, able to
undo the damage done by Fischer to the Rule of Law in the State of srael
and chart new path for Bank of srael on such fundamental matters. Her
response, if any, on Attorney Jastras's requests would speak volumes in this
regard.
56I78S5
[1] 13-11-27 US-SRAEL: DC Attorney James Jatras' request for Bank of
srael FATCA policy statement by new Bank of srael Governor Karnit Flug,
and corresponding FOA request
http://www.scribd.com/doc/187655465/
[2] 13-01-27 Response by Governor of Bank of srael Stanley Fischer, in re:
unlawful seizing of US citizen's bank accounts by Bank HaPoalim, BM
http://www.scribd.com/doc/123951835/
[3] 13-02-06 Attorney James Jatras opinion in re: Bank of srael's Stanley
Fischer's January 27, 2013 FATCA Response Letter
http://www.scribd.com/doc/124247597/
[4] 13-09-17 FATCA: a Tool of the Electronic Surveillance
State_OpEdNews.com
http://www.opednews.com/articles/FATCA-a-Tool-of-the-Elect-by-James-
Jatras-Economic_Electronic-Voting_Government_nternational-130928-
983.html
[5] 13-09-25 Governor of Bank of srael Stanley Fischer Acted As a Foreign
Agent for U.S. Security Apparatus Banking Cartel
http://www.opednews.com/articles/Governor-of-Bank-of-srael-by-Joseph-
Zernik-Bankers_Banking_Banking-Crime_Banking-Crisis-130925-598.html
[6] 13-03-08 Zernik v Fischer (HCJ 7650/12) - Request for the Chief Clerk's
clarification regarding adulteration in sraeli Supreme Court records
http://www.scribd.com/doc/129303235/
[7] 02-06-06 Globalisation and its discontents by Joseph Stiglitz_The
Economist
http://www.arlindo-correia.com/100902.html
____
Joseph Zernik, PhD
Human Rights Alert (NGO)
Occupy Tel Aviv
____
* The Human Rights Alert (NGO) submission to the Human Rights Council of
the United Nations was incorporated into the 2010 Periodic Review Report
3/6
regarding Human Rights in the United States, with the note: "corruption of the
courts and the legal profession and discrimination by law enforcement in
California".
* The Human Rights Alert (NGO) submission to the Human Rights Council of
the United Nations was incorporated into the 2013 Periodic Review Report
regarding Human Rights in srael, with the note: "lack of integrity of the
electronic records of the Supreme Court, the district courts and the detainees
courts in srael."
+++++++++++
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[1] 13-11-27 US-SRAEL: DC Attorney James Jatras' request for Bank of
srael FATCA policy statement by new Bank of srael Governor Karnit Flug,
and corresponding FOA request
http://www.scribd.com/doc/187655465/
[2] 13-01-27 Response by Governor of Bank of srael Stanley Fischer, in re:
unlawful seizing of US citizen's bank accounts by Bank HaPoalim, BM
5/6
http://www.scribd.com/doc/123951835/
[3] 13-02-06 Attorney James Jatras opinion in re: Bank of srael's Stanley
Fischer's January 27, 2013 FATCA Response Letter
http://www.scribd.com/doc/124247597/
[4] 13-09-17 FATCA: a Tool of the Electronic Surveillance
State_OpEdNews.com
http://www.opednews.com/articles/FATCA-a-Tool-of-the-Elect-by-James-
Jatras-Economic_Electronic-Voting_Government_nternational-130928-
983.html
[5] 13-09-25 Governor of Bank of srael Stanley Fischer Acted As a Foreign
Agent for U.S. Security Apparatus Banking Cartel
http://www.opednews.com/articles/Governor-of-Bank-of-srael-by-Joseph-
Zernik-Bankers_Banking_Banking-Crime_Banking-Crisis-130925-598.html
[6] 13-03-08 Zernik v Fischer (HCJ 7650/12) - Request for the Chief Clerk's
clarification regarding adulteration in sraeli Supreme Court records
http://www.scribd.com/doc/129303235/
[7] 02-06-06 Globalisation and its discontents by Joseph Stiglitz_The
Economist
http://www.arlindo-correia.com/100902.html
____
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6/6