From New York Post · · 1m 20s
NYC Comptroller Reverses Israel Bond Pledge
NYC Comptroller Mark Levine stops reinvesting pension funds in Israel bonds after campaign promise.
In brief
NYC Comptroller Mark Levine stops reinvesting pension funds in Israel bonds after campaign promise. NYC Comptroller Mark Levine decided not to reinvest pension funds in Israel bonds despite past campaign pledge. Originally reported by New York Post.
NYC Comptroller Mark Levine
NYC Comptroller Mark Levine said he’s decided not to reinvest the Big Apple’s pension funds in Israel bonds, a dramatic reversal from a pledge he made during his successful campaign last year.
Financial Justification
Levine told The New York Times he made the decision solely on financial grounds, but critics suspected he was caving to Israel-bashers in the Democratic party, including Mayor Zohran Mamdani.
Campaign Pledge
Levine previously said investments in Israel bonds have paid solid dividends for 75 years and should be part of a globally diversified portfolio.
Critics' Concerns
Former City Comptroller Scott Stringer warned the move will fan antisemitism and empower the BDS movement, while Dov Hikind called Levine a 'coward'.
“A perfect example of a coward: a sellout and a fraud trying to appease the dangerous lunatics on the left driving ny and the country off a cliff. shame on you”
Previous Investments
The previous comptroller divested $40 million in Israel bonds, while New York state pension funds hold over $360 million in Israel bonds.
Current Stance
Levine’s spokesperson confirmed decisions are made strictly on financial grounds to serve the city and its pensioners, with $285.42 million in Israel-based investments.
The headline
NYC Comptroller Mark Levine decided not to reinvest pension funds in Israel bonds despite past campaign pledge.
