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Good to see that they are so flush with the cash they gypped from the jewish victims of the nazis and never gave back, that they are now not bothered about interest rates
guess that worked out better than making cuckoo clocks
Le coeur a ses raisons que la raison ne connaît point. 
Thomas Borer, the head of the Swiss task force investigating the matter, accused senator D'Amato of "drawing conclusions before the facts had been established." Borer was referring to the claim that Swiss banks were only able to locate $35.2 million in unclaimed accounts although Jewish groups and the British government believe that it is closer to $7 billion. Borer attacked D'Amato about his releasing documents from the National Archives in a fashion to create "sensationalism." However, D'Amato still claims that "what we seek is the truth."
Holocaust Money in Swiss Banks
The offer of the three Swiss Banks - Union Bank of Switzerland, Swiss Bank Corporation and Credit Suisse to pay $600 million to Holocaust victims is insulting. 90 percent of the money represent interest over a period of over 50 years that the Banks refused to acknowledge that there was any money to return.
In 1934, a year after Hitler's rise to power sent tremors of fear across Europe, the Swiss legislature passed a law guaranteeing anonymity to anyone who transferred his savings to a Swiss bank. Soon deposits were coming in from all over Europe, particularly from Jews who feared the Germans would plunder their savings.
It appears there was a conspiracy between Nazi Germany and Switzerland to lure Jews under cover of confidentiality, to send their money to Swiss banks, who in due course sent the details to Germany. Who thus forced the Jews to part with their savings under torture in the concentration camps and death camps.
Those Jews, who somehow managed to reach the Swiss frontier in order to re-join their assets, were refused entry by the Swiss authorities and were turned over to the German police. We asked Switzerland the Biblical question: Do you murder and also inherit?
What remained in some Swiss banks is just a fraction of the original total.
When after the war, survivors or heirs of depositors came to claim their assets, the bankers invoked the same law of confidentiality to block any payment. They even required death certificates for those who perished in the death camps.
Available records now only cover 10 percent of the deposit account. The bankers claim that the rest of the records were destroyed in the normal course of business.
Moreover, Switzerland received the looted assets of concentration camp victims, and in return gave Germany hard currency to buy war material from Sweden, Spain, Portugal, Argentina and Turkey.
These dealings enabled the Germans to prolong the war for two years.
Once the war was over with the defeat of Germany, it was wrong for the greedy bankers to hold onto deposits made during the Holocaust and the profits earned by dealing with the Germans. Morally and legally, all that money belongs to Germany's victims.
A fair settlement must include the return of all Holocaust deposits, not merely those few for which records have survived.
No settlement can possibly be defended if it allows the Holocaust to stand as a profit making enterprise for the Swiss banks.
NAY, SWITZERLAND MUST PAY DOUBLE FOR ATTEMPTING TO ROB THOSE WHO PUT THEIR TRUST IN THE HONESTY OF THE SWISS BANKING SYSTEM.
Everything I've heard about Switzerland while outside and within the country gives me an impression that they're anything but mighty. Sneaky and cunning are much better words. Mind you I'm talking about the authorities (bankers) and rulers of the country, not the citizens or whatever.
Le coeur a ses raisons que la raison ne connaît point. One could argue that thee are no 'Swiss' only Germans (and some English and french and Italians) in the first place, however I concede the second point, but the first, no way. I am talking about the money transferred by those who were later unable to come back to collect on account of been dead, and the Swiss refusing to hand almost all of it over to relatives and descendants.Thomas Borer, the head of the Swiss task force investigating the matter, accused senator D'Amato of "drawing conclusions before the facts had been established." Borer was referring to the claim that Swiss banks were only able to locate $35.2 million in unclaimed accounts although Jewish groups and the British government believe that it is closer to $7 billion. Borer attacked D'Amato about his releasing documents from the National Archives in a fashion to create "sensationalism." However, D'Amato still claims that "what we seek is the truth."
The discrepenacy is possibly enough to set up any little chocolate making country into an international banking business for lifeHolocaust Money in Swiss Banks
The offer of the three Swiss Banks - Union Bank of Switzerland, Swiss Bank Corporation and Credit Suisse to pay $600 million to Holocaust victims is insulting. 90 percent of the money represent interest over a period of over 50 years that the Banks refused to acknowledge that there was any money to return.
In 1934, a year after Hitler's rise to power sent tremors of fear across Europe, the Swiss legislature passed a law guaranteeing anonymity to anyone who transferred his savings to a Swiss bank. Soon deposits were coming in from all over Europe, particularly from Jews who feared the Germans would plunder their savings.
It appears there was a conspiracy between Nazi Germany and Switzerland to lure Jews under cover of confidentiality, to send their money to Swiss banks, who in due course sent the details to Germany. Who thus forced the Jews to part with their savings under torture in the concentration camps and death camps.
Those Jews, who somehow managed to reach the Swiss frontier in order to re-join their assets, were refused entry by the Swiss authorities and were turned over to the German police. We asked Switzerland the Biblical question: Do you murder and also inherit?
What remained in some Swiss banks is just a fraction of the original total.
When after the war, survivors or heirs of depositors came to claim their assets, the bankers invoked the same law of confidentiality to block any payment. They even required death certificates for those who perished in the death camps.
Available records now only cover 10 percent of the deposit account. The bankers claim that the rest of the records were destroyed in the normal course of business.
Moreover, Switzerland received the looted assets of concentration camp victims, and in return gave Germany hard currency to buy war material from Sweden, Spain, Portugal, Argentina and Turkey.
These dealings enabled the Germans to prolong the war for two years.
Once the war was over with the defeat of Germany, it was wrong for the greedy bankers to hold onto deposits made during the Holocaust and the profits earned by dealing with the Germans. Morally and legally, all that money belongs to Germany's victims.
A fair settlement must include the return of all Holocaust deposits, not merely those few for which records have survived.
No settlement can possibly be defended if it allows the Holocaust to stand as a profit making enterprise for the Swiss banks.
NAY, SWITZERLAND MUST PAY DOUBLE FOR ATTEMPTING TO ROB THOSE WHO PUT THEIR TRUST IN THE HONESTY OF THE SWISS BANKING SYSTEM.
Le coeur a ses raisons que la raison ne connaît point. Everything I've heard about Switzerland while outside and within the country gives me an impression that they're anything but mighty. Sneaky and cunning are much better words. Mind you I'm talking about the authorities (bankers) and rulers of the country, not the citizens or whatever.
Everything I've heard about Switzerland while outside and within the country gives me an impression that they're anything but mighty. Sneaky and cunning are much better words. Mind you I'm talking about the authorities (bankers) and rulers of the country, not the citizens or whatever.
Mighty is not necessarily a positive quality either, but for their size, they are powerful and influential as seen in the above recent events.
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