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Nazi Gold

rominent Nazi Julius Streicher, for instance, received a lump sum of 46,000 deutsche marks ($35,000) from the West German government as compensation for money her husband might have earned had he survived the war .In this case the victim was overlooked and the criminals family was rewarded. Is this the way we are teaching our younger generations, that it actually pays to commit crime? We must get rid of these asinine actions. The real question that ponders is: What is being done in the future to correct the immoral actions?After all of this came to the official attention of the Unites States, Great Britain, and Switzerland there have been many actions. The United Stated Department of Commerce hired Stuart E. Einzenstat to give a report concerning the gold and money deposited by the German Nazis during the 1930s and 40s. The Einzenstat Report, with the help of the Bergier Commission, found that Swiss banks handled 76% of Nazi Germanys gold transactions. From this:Three class action lawsuits have been brought against Switzerlands banks on behalf of Holocaust victims and their heirs. In March 1997 a Brooklyn Federal judge ruled that the lawsuits be consolidated and they will be administered by a 10-member executive committee. There are thousands of plaintiffs in these lawsuits seeking billions of dollars.7After long deliberation between Swiss bank officials and lawyers on August 12, 1998 they reached a settlement:Swiss commercial banks agree to pay Holocaust survivors and their relatives more than $1.25 billion over the next three years to end claims that Swiss banks had withheld millions of dollars since World War II. The accord involves the banks UBS and Credit Suisse. As part of the settlement, the plaintiffs agree to drop a lawsuit against the Government-owned Swiss National Bank. Many U.S. states and cities had threatened sanctions on the Swiss banks if they had not agreed to an appropriate settlement.7Finally an end was brou...

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