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Majority Rule Guarantee of Democracy2

Swiss Bank Controversy: Who's Money Is It?

It is hard to imagine having everything you ever owned taken away in a split second. Many Jews experienced this after the years of oppression by the Nazi regime. The Jews had everything stripped away: their families, their possessions, their futures, and their dignity. "I would give that money away for anybody. I should have had some relatives survive. I mean most of my friends, they had sisters, or cousins, or aunts or somebody to belong to. I had nobody," said Gizella Weisshaus (Jones 1996). It has been about fifty years now since the end of the Holocaust. Up until recent times, the survivors of the Holocaust have decided that they deserve their money that they put into the neutral Swiss bank accounts before the war. They did this to protect their assets from the Nazis. This then provides the controversy, fifty years later, do the Holocaust survivors and their families deserve the money back from the Swiss banks, or are the Swiss banks even responsible for paying back the money? The controversy first arose with Gizella Weisshaus, when she could not receive her father's money after the war ended because she did not know her father's bank account number. When she was a


In conclusion, the controversy of the lost Swiss bank accounts has many different positions and opinions from countries and nationalities involved. There is the Swiss view of that they acknowledge the disappearance of Holocaust victims bank accounts and they are trying to get to the bottom of the problem. The view of the United States, who is standing up for the victims and are trying to help them recover their money. Finally, there is the view of the Holocaust victims, who are furious at the Swiss for the disappearance of their bank accounts after the war. They are also disappointed in the Swiss because they are giving the Holocaust victims a hassle when they try to recover their money. They feel that the money is clearly theirs and they want it back. Over all, there are many viewpoints and opinions over these issues neither of which are either right or wrong.

young girl, her father had been taken away to the concentration camps. As he was being taken away, he mentioned to her that he had put money away in a Swiss Bank account and that she should go and claim it when the war ended. Years after the war she went back to claim the money, and the teller told her that with out an account number she could not do this. They then told her it would take five years to research the dormant account; therefore she would have to wait. Her response was, "It made me angry that even now they claim they need five years to find these dormant accounts, as if fifty years wasn't enough" (Jones, 1996). Weisshaus was the first one to raise the red flag of the Swiss Bank controversy. Which has three main sides to the issue, the Swiss side, the United State's side, and the side of the Holocaust victims. The Swiss believe that they do not owe the survivors and their families any money because of the laws that protect them. They said that they are a neutral country and that the money put into the accounts was not claimed in time. The United States took the position that if the money belonged to the victims of the Holocaust, the money then should be returned back to them, regardless if the claim is made one or fifty years later. The money belongs to the victims just as it did before the war. The Holocaust victims' position is that they are owed this money back because it was theirs in the first place before the war, no questions asked.

Switzerland was a neutral country at the time of the war, and i

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Approximate Word count = 1628
Approximate Pages = 7 (250 words per page double spaced)


  

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