Trisha Shetty (Editor)

Koah HaKesef

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Leader
  
Aliezer Levinger

Split from
  
Hahityashvut party

Founded
  
2006

Koah HaKesef (Hebrew: כוח הכסף‎‎, lit. Power of Money), formerly known as The Party for the War against Banks (Hebrew: המפלגה למלחמה בבנקים‎‎, HaMiflaga LeMilhama BeBankim) or HaLev (Hebrew: הלב) was a minor political party in Israel. Its goal was to reduce damages that the banks are causing to the public by legislation.

Contents

History

The party was established as the Settlement Party (Hebrew: מפלגת ההתיישבות‎‎, Miflaget HaHityasvut) in 1996 following economic crises in many kibbutzim. However, following a deal signed in the same year between the government, the Kibbutz Movement and the banks, the party's activity ceased.

In 2006 the party was re-established again, and ran in the elections that year, claiming that the banks were causing poverty, and exploiting citizens. However, it won only 2,163 votes (0.07%), well below the electoral threshold of 2%. In the 2009 elections it again failed to pass the threshold.

Ideology

  • Minimization of the damages that the banks are causing to the public by legislation.
  • Allowing the citizens to sue the banks.
  • Demanding changes in the economic policy so it will be for the good of the state and not for the good of the banks.
  • Supporting anchoring "cooling off period" law that civil servants, who dealt with financial affairs, will not be allowed to work in banks for at least ten years.

    • References

    Koah HaKesef Wikipedia
    (Text) CC BY-SA