EXIT THROUGH THE MANDELBAUM GATE
“The punishment could have been worse,” said Moshe Mandelbaum, governor of the Bank of Israel, when he was about to resign on the orders of the Bejski Commission. “They could have asked me to stay.”
The commission’s report, published on April 21, censured Mandelbaum for not stopping the manipulation of bank share prices, carried out by the four biggest commercial banks of Israek until the system came down with a crash in October 1983.
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