Rank’s Privilege: I Will Beat The War Crash, To Heck With Everybody Else?

Halutz Sold Investments After Kidnapping

Excerpts;

Several hours after the kidnapping of two IDF soldiers on the northern border and in the midst of discussions over whether to launch a major military operation in Lebanon, the chief of staff, Lt.-Gen. Dan Halutz, decided to sell off his personal investment portfolio, Maariv reported Tuesday morning.

According to the report, Halutz spoke to his investment broker at Bank Leumi about three hours after Hizbullah’s cross-border raid, and instructed him to sell all the assets in his portfolio, valued at about NIS 120,000.

In the first two days of fighting, the Tel Aviv 25 index dropped by more than 8%.

Halutz said in response, “I had lost NIS 25,000 on my investment portfolio and began to sell assets gradually. It’s true that I sold off the entire portfolio, which was worth NIS 120,000, on 12 July around 12:00 noon, but you can’t link between this and the war. There is no connection. At that moment I didn’t think and didn’t expect there would be war. During the war itself I did a lot of things that were related to my personal and family life.”

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