Brad Lander did not actively sell or boycott Israel; he allowed existing bond holdings to mature without reinvestment, a move he describes as standard fiduciary practice rather than political divestment.
When Lander took office as NYC Comptroller in January 2022, the city held ~$39 million in Israel Bonds. By 2023, these bonds matured, and his office chose not to renew them, citing a policy of avoiding foreign sovereign debt and noting the original purchases lacked proper credit analysis or risk management. Lander maintains that the city still holds over $315 million in other Israeli assets, including stocks and real estate, and explicitly opposes the BDS movement.
Is it true what he says about Lander divesting from isntrael bonds? I assume everyone hates him for a reason so what’s the the full story there?
Brad Lander did not actively sell or boycott Israel; he allowed existing bond holdings to mature without reinvestment, a move he describes as standard fiduciary practice rather than political divestment.
When Lander took office as NYC Comptroller in January 2022, the city held ~$39 million in Israel Bonds. By 2023, these bonds matured, and his office chose not to renew them, citing a policy of avoiding foreign sovereign debt and noting the original purchases lacked proper credit analysis or risk management. Lander maintains that the city still holds over $315 million in other Israeli assets, including stocks and real estate, and explicitly opposes the BDS movement.
Piker, conveniently, never mentions this.
Thanks