Ohio buys $42 million of Israel Bonds

[Jos]

Ohio Treasurer Josh Mandel has purchased $42 million in Israel Bonds, the largest single government purchase of Israel Bonds in United States history.

The purchase was completed March 1. Mandel’s office in Columbus announced it to the Cleveland Jewish News that day.

“We believe this is a sound investment for the taxpayers of Ohio and consistent with our strategy of investing in safe and strong securities,” Mandel said in a telephone interview March 4.

The investment increases the total amount of Israel Bonds in the Ohio treasury portfolio to more than $80 million, the largest amount of Israel bonds held by an Ohio treasurer, according to information provided by Mandel’s office.

“During our administration, we’ve managed to earn a ‘AAA’ credit rating on our multibillion-dollar STAR investment fund, as well as earning the first upgrade in a decade on the Ohio Enterprise Bond Fund,” Mandel said.

Ohio buys $42 million of Israel Bonds - Cleveland Jewish News: Local News

Iceland too was offering a high rate

 

[waltky]

Granny says, "Dat's right - Jew bonds is a good investment...

... `cause ever'body knows dey got the Ft. Knox o' diamonds backin' `em up...

... an' dem Jews is good with money, Oy vey!...

... she got a few in her portfolio...

... along with her Halliburton, Blackwater, an' Chinese rickshaw stocks...

... an' a whole buncha Confederate money...

... she ready fer the hard times...

... should dey ever come.

 

[Mr. H.]

Bonds... Jew Bonds.