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?
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.
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.
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.
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.
can possibly be defended if it allows the Holocaust to stand
as a profit making enterprise for the Swiss banks.
MUST PAY DOUBLE FOR ATTEMPTING TO ROB THOSE WHO PUT THEIR
TRUST IN THE HONESTY OF THE SWISS BANKING SYSTEM.
I am an Iraqi
who has been living in Brazil for the past thirty-five years.
But, whenever I have the opportunity, either in London, where
I have my two sisters and a brother, or in Tel-Aviv, where
I have my mother and other brother, I read it all and enjoy
it so much - as it makes me remember my home life in Baghdad
and the people I knew then.
Please put me
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Rio de Janeiro,
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