Word: holocaustal
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Linder, now rich enough not to worry, wondered instead about the poorest survivors struggling to get along, the ones without big Swiss bank accounts from the old days. "I thought, Why shouldn't this money be got for all Holocaust victims?" he says, and so he hired a lawyer to investigate, then threatened to sue the banks if they did not create a reparations fund. The banks were "negative, negative, negative...
...nearing the end of their lives, in one last attempt to win restitution of what they believe is rightfully theirs, Nagel, Gabor and Schlinger have joined 12,000 Holocaust survivors in a $20 billion class action filed last October against four Swiss banks for the recovery of dormant accounts and looted property. Their suit--and the high-profile crusade by Jewish organizations, American politicians and Swiss activists--has inspired an unprecedented search through the darkest passages of 20th century history...
...advocate into the point man for reclaiming Jewish assets from Switzerland was a chair--or, more precisely, the lack of a chair. On Sept. 12, 1995, Bronfman went with Singer to a meeting in Bern. They wanted to ask the Swiss Bankers Association to investigate the dormant accounts of Holocaust victims. Without offering their visitors a seat, the bankers began to dictate their terms. They proposed turning over $32 million discovered in 774 Jewish accounts since the war and suggested that that would close the matter for good. "I don't think it occurred to them that there...
...weeks ago, the Swiss capitulated. A little. First the major banks announced they would create a $70 million humanitarian fund for the remaining survivors of the Holocaust and families of victims. Then the Swiss government said it would oversee the fund, but would not commit any public money until its investigation, headed by former U.S. Federal Reserve Chairman Paul Volcker, had been completed...
...documents when he and Bronfman flew to Bern in September 1995. One by one, he laid them on the table before officials of the Swiss Bankers Association, charting a trail of the banks' complicity. Singer and Bronfman insisted the bankers come clean about their role, restoring Jewish funds to Holocaust survivors. But, recalls Singer, "they stonewalled us," offering merely the $32 million found in 774 dormant accounts...