NYC Real Estate Wipes Out Israel's Pension Funds

"It's not only your investments and 401(k)s that have been syphoned off in the economic crisis. Retirees and about-to-retire workers in other countries are suffering, too. But not because of the Madoff scheme. He's off the hook this time. Israeli pension funds saw $5.1 billion disappear as US and UK real estate investments, made by Jewish billionaires from those countries. with the retirement money, lost their value. Israel is on the verge of a strike because of it."