Israeli Bank Stock Crisis of 1983

The Share Centre's shareradio station has an interesting series of podcasts on the History of Booms, Busts and Bubbles - click here. In this podcast, Richard Grossman gives an interview about the Israeli Bank Stock Crisis of 1983. I didn't know much about this crisis until I listened to this podcast, but is a fascintating story. The crisis was so severe that Israeli banks had to be nationalised. The really interesting thing to me was that Israeli banks (and their pension funds) were buying their own shares!




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