Nazi Ties to Credit Suisse Ran Deeper Than Was Known, Hidden Files Reveal

[Omaha Steve]

Source: WSJ via MSN

Story by Margot Patrick • 12h

Switzerland thought it came to terms with its Nazi-assisting past after harrowing probes in the 1990s led its two largest banks to pay more than $1 billion restitution to Holocaust victims. Documents unearthed in bank archives show it might have been at least in part a whitewash.

A cache of client files stamped “American blacklist,” a designation for those financing or trading with Nazis or Axis partners, was recently found by independent investigators probing Credit Suisse, one of Switzerland’s biggest banks and now part of UBS.

The investigators, who studied dusty ledgers and pored over microfilm that hadn’t been part of earlier reviews into the dark chapter, found something else, too: signs of a coverup.

In the 1990s, two panels studied Swiss banks’ World War II-era activities after anger erupted over Holocaust victims’ unreleased funds.


Read more: https://www.msn.com/en-us/money/markets/nazi-ties-to-credit-suisse-ran-deeper-than-was-known-hidden-files-reveal/ar-AA1wWMWD

[underpants]

1. 😡

[bucolic_frolic]

2. Hitler's Secret Bankers: The Myth of Swiss Neutrality During the Holocaust

https://www.amazon.com/Hitlers-Secret-Bankers-Neutrality-Holocaust/dp/080652121X

"Hitler's Secret Bankers: The Myth of Swiss Neutrality During the Holocaust

Based on newly declassified documents and archival research, Hitler's Secret Bankers reveals the full, hitherto unknown extent of Swiss economic collaboration with the Nazis during World War II. In this updated edition, readers discover how and why the Swiss finally buckled and agreed to pay $1.25 billion in compensation for the funds deposited by Holocaust victims in Swiss banks. In addition to the dispute over dormant accounts, Swiss banks provided to the Nazi war machine the foreign currency that paid for vital war materiel such as chrome and aluminum.The author also explains how the exposure of the myth of Swiss neutrality, in collaboration with the Nazis, triggered investigations into the role of the British regarding Holocaust victims and the part played by Germany and its failure to compensate the survivors of slave labor, as well as the upheaval in the art world, which failed to restore stolen paintings to their rightful owners."

___________________________________
It was a great book, gruesome in parts.

We are still learning so much about WWII. So many books now that government records are being digitized. Books on resistance, bankers, ad hoc weapons to neutralize machinery and personnel, some of it considered inhumane.

You had to suspect a Nazi revival would be funded from somewhere. Author Robert Ludlum wrote about it, he suspected it in The Holcroft Covenant. He knew terrorist organizations supported one another, even when not very compatible, because terrorists thrive where government is weakened.

[C0RI0LANUS]

7. I'll have to get this book, thank you for the lead, b_f. Robert Ludlum wasn't alone in his theories.

[Mike 03]

10. Thanks for the book recommendation!

I think one could devote one's life to studying World War II, or even "just" the Third Reich (or Stalin's regime, for that matter), and never learn everything that is available thanks to tenacious and meticulous researchers.

[nycbos]

3. I am shocked shocked to find gambling going on here.

[Prairie Gates]

4. Did they contribute to Hitler's inauguration fund?

[Kid Berwyn]

5. Lots more to find.

How the NAZIS came to America and befriended Old Money:

https://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=364&topic_id=1547206&mesg_id=1547206

As for one wing of the one percent…

https://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=364&topic_id=133897&mesg_id=135696

[Evolve Dammit]

8. Excellent info! And if only it would be actually covered by MSM. Yeah, I know...

It is very damning info and should be widely discussed but hey, there's a game on today.

[niyad]

6. KNR and bookmarking.

[Mike 03]

9. Fantastic research.

I still don't understand how, once investigators find a Nazi account, they can determine from whom certain amounts of money were stolen.

But this is incredible. WW2 is unfathomably deep. We will always be learning new things about that war and, in particular, the Third Reich. Lucky they kept such meticulous records.

[ck4829]

11. Kick