December 30, 2010, - 3:42 pm
As I’ve always noted, like America, a major reason Israel is losing to Muslims is not due to its Islamic enemies on the outside, but its Israeli, Jewish enemies on the inside. They do more to hurt Israel than HAMAS or Fatah ever could. (With America, it’s Americans–stupid ones and liberals (groups which often intersect, but not always)–which are destroying us from within in a way Al-Qaeda could never do.) The Israelis are willingly giving up and giving away important land and neighborhoods to Islamic terrorists.
“Nof Zion (View of Zion): This is Your View; a Private Neighborhood in Jerusalem”
Check out this latest story, in which a Palestinian with U.S. citizenship–whose family owns the HAMAS/Fatah/homicide-bomber-enabling Arab Bank–might take over a Jewish neighborhood development in Jerusalem. In contrast to the phony story of Palestinian destitution we’re always fed, he is a developer of luxury homes for Palestinian Muslims. It’s bad news. And it’s how Israel is losing–not via homicide bombs, but by giving up in the free market.
(Keep in mind, as I’ve noted before that this “Arab neighborhood” of “East Jerusalem” has historically ALWAYS been Jewish–until the UN and the rest of the world forced Jewish homeowners in “East” Jerusalem to “rent” (for free) their homes to Arab Muslims.)
A leading Palestinian businessman is bidding to take over an ill-fated real-estate venture in an Arab neighborhood of East Jerusalem, upsetting Israeli settlers who are trying to put together a counteroffer.
Nof Tzion, Hebrew for Zion View, is a half-built project located in a mostly Arab neighborhood of East Jerusalem, marketed two years ago to wealthy U.S. Jews as a luxury residence with a panoramic vista of Jerusalem’s Old City. Though the 91 units of the first phase of the development have been sold and occupied, Israeli developer Digal Investment & Holdings Ltd. couldn’t complete the project or repay its bondholders, mostly Israeli institutions. Representatives of Digal weren’t available to comment.
Jewish residents of the project are now livid at the idea that the project could be turned over to a Palestinian. The Palestinian businessman, Bashar Masri, said that if his bid is successful, he plans to offer houses in subsequent phases to Palestinians. His bid was discussed at a meeting of bondholders in Tel Aviv on Tuesday afternoon.
Mr. Masri, a U.S. citizen who grew up in the West Bank, is offering to repay 80% of bondholder debt totaling $17 million, according to a person close to the bidder. Digal also owes some $20 million to Bank Leumi Ltd. of Israel for project financing.
Mr. Masri, who leads an investment company building a separate, massive Palestinian development in the West Bank, is the scion of a Nablus family that controls Arab Bank PLC and the Palestinian phone monopoly, Palestine Telecommunications Co. . . .
Nof Tzion was the first Jewish development in East Jerusalem to be financed by a public offering on the Tel Aviv Stock Exchange.
Bemunah Ltd., an Israeli builder that specializes in housing for Orthodox Jews, said it is preparing its own offer to compete with Mr. Masri’s. The company declared on its website that it is trying to stop the “hostile takeover” of East Jerusalem and called for the “rescue” of Nof Tzion.
“Of course the purpose is to keep the territory Jewish,” said Israel Zeira, chief executive of Bemunah.
Let’s hope. The thing is, in the Muslim world, they don’t take Jewish land by bidding on a distressed property. In contrast, they expel the Jews (after raping and murdering a good number of them), and seize their property at any time before, during or after the expulsion. That’s pretty much how it happened in Iraq, Egypt, Yemen, Iran, and every other country in the Muslim and Arab world.
That’s why it’s so important to keep Jerusalem and the rest of Israel in Jewish hands. It’s not about bigotry. It’s about national security. And about the ultimate civil right: life.
Exit Question: Since the U.S. has, itself, charged that Arab Bank shields the accounts of Islamic terrorists and funds transferred to “martyrs,” why is Israel not barring anyone tied with Arab Bank from owning ANY property in Israel?
Because, as I’ve noted, Israel’s worst enemies are the Jewish Israelis from within. And the country doesn’t have the guts to take a stand against a person like Bashar Masri from owning land in the state. FYI, Masri means “Egyptian” in Arabic. And like a lot of so-called Palestinians, his family is probably of Egyptian heritage–not the faux-Palestinian background he and his family claim.
Tags: Arab, Arab Bank, Bashar Masri, Bemunah Ltd., Dgal Investment Holdings Limited, Digal, East Jerusalem, Israel, Israel Zeira, Jerusalem, Jewish, Muslim, Nablus, neighborhood, Nof Tzion, Nof Zion, Palestine Telecommunications Co, Palestinian, terrorism bank, View of Zion, Zion View