{"id":30213,"date":"2023-03-15T15:44:59","date_gmt":"2023-03-15T15:44:59","guid":{"rendered":"https:\/\/www.ono.ac.il\/eng\/?post_type=news&#038;p=30213"},"modified":"2023-03-15T15:52:31","modified_gmt":"2023-03-15T15:52:31","slug":"ono-prof-addresses-bidens-bailout-of-silicon-valley-bank","status":"publish","type":"news","link":"https:\/\/www.ono.ac.il\/eng\/news\/ono-prof-addresses-bidens-bailout-of-silicon-valley-bank\/","title":{"rendered":"Ono Prof. Addresses Biden\u2019s Bailout of Silicon Valley Bank\u00a0\u00a0\u00a0"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Ono Prof. Addresses Biden\u2019s Bailout of Silicon Valley Bank&nbsp;&nbsp;&nbsp;<\/strong><\/h2>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1003\" height=\"566\" src=\"https:\/\/www.ono.ac.il\/eng\/wp-content\/uploads\/sites\/3\/2023\/03\/Zelekha-TV-3.23.jpg\" alt=\"\" class=\"wp-image-30214 size-full\" srcset=\"https:\/\/www.ono.ac.il\/eng\/wp-content\/uploads\/sites\/3\/2023\/03\/Zelekha-TV-3.23.jpg 1003w, https:\/\/www.ono.ac.il\/eng\/wp-content\/uploads\/sites\/3\/2023\/03\/Zelekha-TV-3.23-300x169.jpg 300w, https:\/\/www.ono.ac.il\/eng\/wp-content\/uploads\/sites\/3\/2023\/03\/Zelekha-TV-3.23-768x433.jpg 768w\" sizes=\"(max-width: 1003px) 100vw, 1003px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p>In an interview on Israel TV\u2019s Channel 14 \u201cMain Edition\u201d Newscast, Ono Academic Professor Yaron Zelekha addressed the recent failure of Silicon Valley Bank (SVB) and US President Biden\u2019s commitment that the savings of American taxpayers would be safeguarded. Prof. Zelekha is President of Ono Academic College\u2019s Higher Academic Council and Director of Accountancy Studies.&nbsp; From 2003 \u2013 2007, Prof. Zelekha completed a full term as the Accountant General of the State of Israel.<\/p>\n\n\n\n<p>Zelekha noted that as the first US bank to fail, SVB got lucky because the US still has the resources to bail out its customers. This might not be the case if other US banks collapse.&nbsp; He added that the US government had a hand in SVB\u2019s fall.&nbsp; In contrast to American banks, Zelekha said that Israeli banks are not allowed by their regulators to take nearly as many risks. For this reason, he doesn\u2019t believe Israeli banks are in danger.&nbsp; In the near future, he predicted that in Israel, interest rates would rise but at a slower pace.<\/p>\n\n\n\n<p>To listen to the whole interview, click here:<\/p>\n\n\n\n<p><a href=\"https:\/\/www.ifatmediasite.com\/ms\/radiomp4\/2023\/03\/13\/12038786.mp4\" target=\"_blank\" rel=\"noopener\">https:\/\/www.ifatmediasite.com\/ms\/radiomp4\/2023\/03\/13\/12038786.mp4<\/a><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ono Prof. Addresses Biden\u2019s Bailout of Silicon Valley Bank&nbsp;&nbsp;&nbsp; In an interview on Israel TV\u2019s Channel 14 \u201cMain Edition\u201d Newscast, Ono Academic Professor Yaron Zelekha addressed the recent failure of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30214,"menu_order":333,"template":"","class_list":["post-30213","news","type-news","status-publish","has-post-thumbnail","hentry","categories_news-updates_news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.ono.ac.il\/eng\/wp-json\/wp\/v2\/news\/30213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ono.ac.il\/eng\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.ono.ac.il\/eng\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.ono.ac.il\/eng\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ono.ac.il\/eng\/wp-json\/wp\/v2\/media\/30214"}],"wp:attachment":[{"href":"https:\/\/www.ono.ac.il\/eng\/wp-json\/wp\/v2\/media?parent=30213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}