Netanyahu's one-time pick to head central bank says that when concerns about financial instability are proven correct, it tends to be too late to put genie back in bottle

Lawrence Summers says reforms may be needed, but current overhaul 'raise serious questions about the rule of law' and 'could have serious adverse effects on the Israeli economy'

Netanyahu reportedly asked top economist to help calm business jitters, to no apparent avail; ex-Bank of Israel governor Flug says she hopes government heeds global warnings