Word: swiss
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Foreign lenders have already been hit. One large European bank lost not only big money on derivatives but also possibly its independence as well. Union Bank of Switzerland took a $250 million beating from derivatives last year, one reason it rushed into the arms of Swiss Bank Corp...
...predecessor Anne Bingaman's infamous 1994 consent decree, now widely derided as a sellout that only postponed the day of reckoning. The deal, struck in 1994 and ratified in '95, granted Microsoft the right to sell "integrated" products--i.e., software like Windows that combines more functions than a Swiss Army knife. But the decree also prohibits the company from "tying"--forcing customers to buy any single product as a condition of licensing Windows itself...
Today Meili lives with his wife Giuseppina and their two children in a cramped apartment in West Orange, N.J., courtesy of a Polish-born developer who escaped the Holocaust. "I am the first Swiss person in history to get political asylum," Meili tells his audience here, drawing laughter. (Congress passed special legislation last August granting the Meilis residency.) Other Jewish benefactors have provided furniture, English classes, driving lessons, two 10-year-old cars, the $31,000-a-year doorman job and synagogue schooling for his children, ages five and three. "The Meilis are among the righteous gentiles," says Toby Goldberger...
...Meili, care of Senator Alfonse D'Amato, the New York Republican who sponsored his residency. "Meili, you little s.o.b. supported by Jews," the message read. "We will hunt you down in your new home. Even the American Jew-Mafia will not be able to protect you." Since a Swiss newspaper printed Meili's e-mail address, threats have ensued. And after Edward Fagan, Meili's attorney, filed suit in the U.S. against U.B.S., seeking $60 million in compensatory damages for slander and retaliatory firing and up to $2.5 billion in punitive damages for thwarting justice, Swiss papers ran stories claiming...
Such attacks remain mere distractions from the doorman's primary preoccupation: seeing whether the documents he recovered from the shredding room will lead to further restitution to Holocaust victims. Jewish groups estimate that some $7 billion in assets and interest is still held in numbered Swiss accounts. As well-wishers swarm about him after his speech in California, Meili smiles shyly and shakes his head. "We don't know what will be the outcome of the story," he says. For the righteous gentile, there may be mercies. But for a man forced to give up his country, there...