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John Velis

John Velis

Former Massachusetts State Senator

Sep 22, 2026

4:10
I know that you have been thinking about the Jewish community and your relationship with the Jewish community for some time.
4:16
Yeah.
4:16
So I guess I would say first and foremost, I think this is really, really has been really, really important, meaningful work.
4:27
Obviously that goes without saying, but yeah, Going back now a few years, the events of, to your point, I've been interested in this subject for years.
4:39
October 7th happens and it's just a chaotic time period, right? Obviously world events and then what's happening here domestically, as you've already brought it up.
4:50
I'm not Jewish.
4:52
I don't come from a district with a significant numerically Jewish population, but I was hearing more and more from constituents who are Jewish about some of the experiences that they were having.

27 MINS LATER

31:42
So anything that you are working on that you are excited about right now and that you want to share with our audience?
10:36
But more importantly, John, what do you think?
10:38
Yeah, I think it's interesting.
10:39
I'd go even further and say it's somewhat surprising and a bit concerning.
10:43
Now, uh, it was granted a C, C-minus grade by the analysts as, as, uh, we found out.
10:49
And, um, the thing is, we have...
10:52
At, at BNY, we have, uh, $70 trillion in data of custody holdings within the bank, so it's 20% of what's listed on world markets.
11:00
And we have seen foreign participation in US Treasury purchases quite, quite moribund, if not even negative since, more or less since April last year.
12:51
[laughs]

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