Sep 23 2009
“The Lehman Bankruptcy will go down in history as one of the worst mistakes ever made by the Federal Reserve and the U.S. Treasury,” said Steve Forbes, Editor and Chief of Forbes, and American businessman Leon Charney. Both were panelists at an economic forum that was held in New York and hosted by the American Society of the University of Haifa.
Mr. Forbes stated that the strengthening of the dollar could draw the U.S. economy out of its recession, and Mr. Charney, who is Chairman of the University of Haifa’s Board of Governors, estimated that the financial crisis will end by the fourth quarter of this year and will be followed by slow economic growth.
This was a first meeting of a new forum established by the American Friends of the University of Haifa, attended by leading U.S. businessmen. Among those participating were Harvey Fuchs, who is Senior Vice President of Citibank, hedge fund managers and partners of powerful Wall Street law firms. Representing the University of Haifa was Amos Gaver, the University’s Vice President for External Affairs.
Mr. Charney and Mr. Forbes, both of whom have received honorary doctorates from the University of Haifa, expressed their belief that Iran poses a strategic threat on Israel and that President Barack Obama’s policy with regard to Iran ought to be more stringent. They also agreed that negotiations with Iran at this point are not productive and dangerous for the Western world.