HaPoalim’s most recent unlawful actions. Regardless, Bank of Israel continues in itsrefusal to disclose any details on the matter to the complainant.
In October 2012, petition was also filed with the Israeli High Court of Justice to compel MrFischer to perform his duties by duly registering and reviewing the complaint against BankHaPoalim.
The petition alleges that in permitting Israeli banks to act as they will underthe pretense of enforcing the US FATCA, Stanley Fischer “undermines the rule of law” and“sovereignty of the State of Israel”, and “substitutes his loyalty to the State of Israel and itslaws with loyalty to another nation and its law, and/or with loyalty to financial institutionsand their interests.”
The petition in the Supreme Court of Israel was subjected to a fate that was remarkablysimilar to the fate of the complaint against Bank HaPoalim, BM, at Bank of Israel-BankingRegulation: The office of the clerk of the Supreme Court refused to duly register thepetition.
The case of Bank HaPoalim is particularly striking, since in previous years Mr Fischer hadremoved some of the Bank’s senior officers and initiated criminal investigations againstthem. Now Mr Fischer is patronizing their criminality.The case of Mr Fischer is also striking, since review of Israeli media reports indicates thatunder his tenure Bank of Israel was determined, even prior to the final enactment ofFATCA, that the matter was “not under its purview”, and that Bank of Israel refused to issueBanking Regulations of the State of Israel in this matter, even after being pressed to do soby Israeli banks.
Combined, conduct of Mr Fischer, Bank of Israel-Banking Regulation, and the SupremeCourt of the State of Israel should raise concerns regarding integrity and stability offinancial systems in the State of Israel.Corruption of banking regulation in collusion with the US courts, under the color of law, hasbeen increasingly recognized as central to the current socio-economic crisis in the UnitedStates. [
, and see quotes below]The State of Israel has not yet seen financial institutions’ defaults of the size, seen in theUS and Europe in recent years. However, the case captures a snapshot of emergence ofthe basic conditions for a financial crisis, in a nutshell: Criminality by financial institutions ispatronized by national banking regulators and the national highest courts. In this case – under the guise of compliance with United States law by Israeli banks. Eventually, theterritory of “FACTA-compliance” is likely to coincide with the territory of the financial crisis,through corruption of banking regulation of other nations, under United States coercion.
 13-01-04 FATCA-related Consumer Complaint No 2 against Bank HaPoalim, BM, andits Chief Internal Auditor Jacob Orbach, filed with Bank of Israel-Banking Regulationhttp://www.scribd.com/doc/118926904/