Bank Of Israel Head Stanley Fischer Stepping Down

Tyler Durden's picture


In a shocking development, one which comes out of central planning left field, after eight years in his role as safe-guarder of the Shekel, the head of the Bank of Israel Stanley Fischer - Ben Bernanke's personal mentor, and famous underwater investor in AAPL - has announced his intention to step down. This resignation comes 10 months (and $100 less in AAPL) after the central bank's announcement to begin buying foreign stocks. Is this a harbinger of the change in the old brigade, and does it make Bernanke's departure one year from today virtually assured - we hope to find out, unless, of course, the most aggressive and ambitious central banking experiment in history to keep the global house of cards afloat fails in the meantime.


Via The Bank of Israel,

The Governor of the Bank of Israel, Stanley Fischer, today informed the Prime Minister, Mr. Benjamin Netanyahu, of his intention to step down on June 30, 2013, after more than eight years as Governor.


The Governor noted that in addition to the goal of advancing the Israeli economy, one of his  primary goals he had set himself was passing a new Bank of Israel law.  That was done in May 2010. Since then, the Bank has operated successfully within the framework of the new law,   especially through the  work with the  Monetary Committee and the Supervisory Council.


The Governor said that in the coming months he will continue to deal fully with all matters pertaining to the Bank.


Prof .  Fischer added that he is extremely grateful for the opportunity he has been granted by the Government of Israel to fulfill the task of Governor, especially during a challenging period that included the global economic crisis, a complex geo-political reality, and domestic social issues.


The Governor thanks the Prime Minister, the Minister of Finance, the Chairman of the Finance Committee of the Knesset, the Members of the Monetary Policy Committee, the Supervisory Council and the management and staff of the Bank of Israel for the privilege of working with them during his term as Governor.


The Governor will hold a press conference tomorrow, Wednesday, January 30th, at 11:00 AM, at the Bank of Israel.

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Tue, 01/29/2013 - 10:02 | 3194538 fonzannoon
fonzannoon's picture

Bye Stanley,

Tue, 01/29/2013 - 10:02 | 3194542 ihedgemyhedges
ihedgemyhedges's picture

Just another hedge fund manager being schlogged by Apple..................

Tue, 01/29/2013 - 10:29 | 3194623 Enslavethechild...
EnslavethechildrenforBen's picture


Ben Bernanke even fucked over his own mentor.

Tue, 01/29/2013 - 11:02 | 3194738 ParkAveFlasher
ParkAveFlasher's picture

That's one meshugener that shouldn't kvetsh with the kibbutz over his place in the mishpokhe, feh!  Oy veh, plotz plotz plotz and gornisht for a shmendrick becomes bupkes for a shlep, that's what rabbi says.  Oy gevalt!  Nothing but coke and shiksa tuches with the goyisher cops!  A tsuris!

Tue, 01/29/2013 - 10:03 | 3194543 GetZeeGold
GetZeeGold's picture



Take this basket of apples with you.

Tue, 01/29/2013 - 10:26 | 3194612 Sudden Debt
Sudden Debt's picture

the worms inside of them are for when you go fishing...

Tue, 01/29/2013 - 10:16 | 3194575 Stoploss
Stoploss's picture

It's kinda like when the captain of the ship runs by you with his hair on fire...

Hey, go back to the bar and have a glass of champagne.

Tue, 01/29/2013 - 10:01 | 3194540 Kaiser Sousa
Kaiser Sousa's picture

good riddens Stanley you cocksucker mother fucker sociopath banker bitch....

and - 


Tue, 01/29/2013 - 10:02 | 3194541 sotto
Tue, 01/29/2013 - 10:07 | 3194555 kralizec
kralizec's picture

Bernanke even admitted that he wants Americans to stop saving and start spending.

Yes, debt-slaves must be enslaved further, that's a winner, eh?


Tue, 01/29/2013 - 10:04 | 3194548 Seasmoke
Seasmoke's picture

Another rotten dirty Apple

Tue, 01/29/2013 - 10:04 | 3194550 Dr. Engali
Dr. Engali's picture

Clearly he wasn't printing enough.The system continues to destablize so the only solution is to have fed heads who will actually throw cash out of helicopetrs.

Tue, 01/29/2013 - 10:16 | 3194578 fonzannoon
fonzannoon's picture

Doc I bumped into someone one here named whiteshadowmovement yesterday. Young guy, very interesting dude. I think he brings a different aspect of this to the table. If you see him, get acquainted. I don't think you will reget it.

Tue, 01/29/2013 - 10:22 | 3194602 Dr. Engali
Dr. Engali's picture

Thank's for the tip. I'll look for his posts.

Tue, 01/29/2013 - 10:35 | 3194651 Enslavethechild...
EnslavethechildrenforBen's picture

More like their throwing the cash out of trucks and using those helicopters to lift peoples houses and take them away

Tue, 01/29/2013 - 10:43 | 3194684 eclectic syncretist
eclectic syncretist's picture

Be careful what you wish for....Paul Krugman could be manning the printing presses instead!

Tue, 01/29/2013 - 12:45 | 3195089 machineh
machineh's picture



Be careful of retired central planners.

One can picture the sign on I Street, Washington DC already:

     Bernanke, Fischer, Greenspan and Kurgman, P.C.

     Economic Consultants

Oy vey ...

Tue, 01/29/2013 - 10:06 | 3194552 q99x2
q99x2's picture

Guess attacking Syria on a budget moves ahead anyhow.

Tue, 01/29/2013 - 10:08 | 3194556 new game
new game's picture

he must know something he wants to distance himself from

next he will be somewhere south of the equator

Tue, 01/29/2013 - 10:07 | 3194558 firstdivision
firstdivision's picture

AAPL is up +1% in pre-market.  So this was good news for AAPL?

Tue, 01/29/2013 - 10:15 | 3194573 Howdan
Howdan's picture

Could be the news release they (Apple) just put out which announces the new 128GB iPAD.

Sounds like desperation to me - Sounds like someone at AAPL was saying "Quick, quick our share price has tanked let's do something knee-jerk to get the markets to push the price back up".

Moi, cynical? Neverrrrr

Tue, 01/29/2013 - 10:10 | 3194559 LongSoupLine
LongSoupLine's picture

I hope it's a fucking omen that Bernanke will be hit by a fucking train.

Fuck you bankers, dicks.

Tue, 01/29/2013 - 10:12 | 3194565 new game
new game's picture

my educated guess is security budgets are soaring to protect tptb...

just a guess

Tue, 01/29/2013 - 11:40 | 3194906 trav777
trav777's picture

actually, 3rd world societies are remarkably politically stable.  The security necessary is a background noise type of thing.  The threats are usually from other members of the family and external.  Rarely do you see any type of revolt.  Some riots, sure, but nothing that poses any kind of threat.  You see the same guy or family in charge for eons.

It's feudalism; medieval europe was 3rd world.  What scares tptb are educated people of a certain noncolored persuasion, the type of people who historically have done things like popular revolutions.

Tue, 01/29/2013 - 10:18 | 3194569 francis_sawyer
francis_sawyer's picture

Next stop BIS or IMF?... [or will he just pal around with his CFR buddies]?...

Tue, 01/29/2013 - 10:20 | 3194587 caimen garou
caimen garou's picture

resignitus, it's like someone has got the worlds largest can of raid making these cockroaches scatter!

Tue, 01/29/2013 - 10:19 | 3194589 new game
new game's picture

play bridge with bg and wb?

Tue, 01/29/2013 - 10:31 | 3194622 Eugend66
Eugend66's picture

Good riddance, Stan .... and hide deep. Someone may be missed(wanted)  in the near future.

Tue, 01/29/2013 - 10:29 | 3194627 virgilcaine
virgilcaine's picture

First victim of the "appl roach motel"..there will be many others.

Tue, 01/29/2013 - 10:30 | 3194635 Colonel Klink
Colonel Klink's picture

Rats, ship, fleas, flee.

That is all.

Tue, 01/29/2013 - 10:50 | 3194703 IamtheREALmario
IamtheREALmario's picture

There is a possibility that all of the "rats" will decide to "flee before the end" and hide-out somewhere to ride out the storm. There have been a surprising number of retirements by the corrupted souls.

Tue, 01/29/2013 - 11:01 | 3194733 Colonel Klink
Colonel Klink's picture

I agree.  Happened just before the end of WWII.  Many of them fled Germany, only to land ashore in the US.  We're seeing them "Goldman" the US now.

Tue, 01/29/2013 - 10:48 | 3194696 IamtheREALmario
IamtheREALmario's picture

So, one banking clone leaves and another banking clone will take his place. We learned this with governmental officials. All of the good ones get compromised or if they cannot be compromised then they mysteriously die in plane crashes, assassinations or are suicided. Banking clones are by definition compromised if they ever get to the level of Fischer or Bertwinkie.

Tue, 01/29/2013 - 10:52 | 3194709 ivana
ivana's picture

together with above chart should be private accounts.

that would surely show someone close was conveniently long than short apple and now he can go for happy retirement. like smal evil franch midget , like british liar PM , like thousands of other bastards ...

What's with waiting ben to leave? Do you think bastards will install somebody honest with people's interest in mind?

Tue, 01/29/2013 - 11:43 | 3194919 LeisureSmith
LeisureSmith's picture

His membership to The Super Adventure Club just got confirmed and his membership to NAMBLA is renewed, so he's just going to travel a bit that's all.

Tue, 01/29/2013 - 13:13 | 3195223 rqb1
rqb1's picture

is Cartman a member of SAC?

Tue, 01/29/2013 - 12:18 | 3195036 Miss Expectations
Miss Expectations's picture

He was born in Northern Rhodesia...perhaps his banking expertise is required in southern Africa?

Tue, 01/29/2013 - 13:40 | 3195318 Temporalist
Temporalist's picture
Israel boycotts UN rights council in unprecedented move

"Representatives of Israel have boycotted its regular review by the UN Human Rights Council, the first time a country has ever taken such action.

The move was expected as Israel has long been angered by what it claims is unfair criticism from the body.

A decision last year to investigate Jewish settlements in the West Bank prompted Israel to announce it would no longer co-operate with the council."

Tue, 01/29/2013 - 14:36 | 3195547 Bansters-in-my-...
Bansters-in-my- feces's picture

Ha first.....
................Fuck YOU Bernanke...............

Tue, 01/29/2013 - 15:39 | 3195859 Disenchanted
Disenchanted's picture

Maybe Fischer and BOI dumped their rotten Apples @ $699/share, and now Fischer is taking his shitpot full of shekels and leaving the game...

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