The three fundamental issues are a) Brazen conduct by the Bank, which should be deemed as a pattern of Extortion through corporate White-collar Crime, b) Sovereignty,or lack thereof, of the State of Israel, in general, and Bank of Israel- Banking Regulation, in particular, vis-a-vis their United States counterparts, and c) Integrity, or lack thereof, in Bank of Israel-Banking Regulation Consumer Complaints procedures.The case in the High Court of Justice of the State of Israel provides a novel perspective on the US-Israel relationship, one where the State of Israel is administered as a US corporate province, and an Israeli bank is permitted to establish and enforce on Israelis, who are "United States Persons" (according to the bank - in the State of Israel - US citizens and green card holders, but apparently not corporations), its own version of US IRS Regulations and waivers of customers' privacy to the US government. In view of widespread corruption of US banks and US banking regulation and the successive collapse of major US financial institutions, the caving in of the Israeli Banking Regulator to the US government, by permitting organized white-collar criminality in a financial institution, should raise doubts regarding integrity and stability of the Israeli financial system.
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- In Zernik v Fischer (7650/12), filed today in the HighCourt of Justice of the State of Israel, Joseph Zernik, PhD, of Human Rights Alert (NGO), a US citizen and a resident of Jerusalem, claims that Stanley Fischer, Governor of the Bank of Israel and Israel's banking regulator has beenpatronizing for some time organized white-collar criminality among seniormanagement of Bank HaPoalim, BM, the largest consumer bank in Israel. The Petition asks for a Conditional Decree (
), for Fischer to order theimmediate registration of Dr Zernik's August 25, 2012 Complaint against Bank HaPoalim  and its overdue review.