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At the time, I followed the news of the Swiss banks and German companies with half an eye, dismissing it as (tedious) legal blackmail. But this book, which fell into my lap by chance, brought the whole dispute to life for me, including yes the greedy lawyers but also the victims and companies who tried to do the right thing. As with everything, it is much more interesting when you feel you know the people involved. Contrary to a previous review, the authors do not simplify the conflicts or the characters, which is a strong point. The 'gossip' in the book is what makes it human, and a book about these settlements that does not take the human angle runs the risk of being exceedingly boring.
I also learned a thing or two about the grounds for compensation-the use of slave labor by daimler, even ford; and the arrogance with which insurance companies asked for a death certificate to honor life insurance of holocaust victims. As a victim says, 'at auschwitz, they didn't give death certificates.'
But it's not just for novices- those with a greater knowledge and interest in the compensation dispute will certainly find an extra couple of layers of intrigue and emotion.
The book is also about the difficulty of trying to compensate for something as profoundly horrific as the holocaust, the uselessness of monetary compensation.
For such a complicated issue, with so many actors involved, it is quite an easy and pleasant read.
The authors meticulously give their sources for what participants say and do, and, by having visited many of the major protagonists are able to sketch accurate and very lively pen-pictures not only of people but of locations: there are 45 pages of notes and sources and a full index - the general reader may not need them but they are there to reinforce the veracity of the account.
It would have been easy to have been less than even-handed to some of the powerful characters encountered in the book: it is a tribute to the authors that they maintain an even keel while charting the reader through a variety of events which could easily have seemed an incoherent maelstrom. The story starts in 1995 and culminates in June 2001 when payments of $5000 begin to be made to the dwindling band of holocaust survivors. The six years saw the involvement of a swathe of characters, from Jewish leaders, lawyers, bankers, insurers, judges, to President Clinton and Christoph Meili, a security guard at UBS who found in the course of his patrol that key documents had been put ready in the shredding room. In return for his whistle-blowing he had to flee his native Switzerland when he received death threats and warnings that his children would be kidnapped, and make a home in USA, the first Swiss citizen ever to seek asylum there on grounds of political persecution.
It is a roller-coaster of a book with new, well-defined and important characters arriving in most chapters. It is a fascinating read both for the issues involved and the egos on display. I have only had time to read the book once and will certainly do so again. It is no exaggeration to refer to the epic battle over the debts of the holocaust: I am profoundly grateful to the authors for opening my eyes to the reality of how deals get made, who truly benefits in such a tangled web. Lawyers, companies, governments even, had their own agenda: the payment was too little, too late; to quote one former slave-labourer "if it had been earlier or larger, it would have been no more moral".
This book is a triumph and deserves to be widely read.
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Luciano Albini opposed the looting of Banco Ambrosiano while Bishop of Venice. As Pope he would rid the Vatican Bank of swindlers, money launderers, drug dealers, and their allies. But these had connections with organized crime and certain intelligence agencies. Pope John Paul I was as doomed as President John F. Kennedy's attempts to curtail the military-industrial complex, and Big Oil.
In 1981 there was an attempt to poison the Foreign Minister of El Salvador: the poison was to be put into his alcoholic drink. Nothing would happen for a week, then he would develop a flu-like disease, and die the next day. This poison could not be detected unless the coroner knew what to look for. This plot was exposed by the double agent recruited for the job, and a US diplomat was expelled from the country. The newspapers did NOT compare this to the death of Pope John Paul I.
Pages 40-49 tell of a swindle using counterfeit bonds worth $635 million. They would be sold to the Vatican Bank, and the money used for payoffs, and buying control of a company. The bank would write this off as a loss. You can be sure of high-level corruption and collusion in the bank!
The murder of Pope John Paul I may never be solved officially. Perhaps another Pope would continue his proposed reforms; we'll see in the near future.
A Vatican controlled by a bunch of corrupt, merciless, avid for power, 'holy' cardinals (Villot, Cody, Marcinkus, Baggio), implicated in a web of depraved banking, masonic and Mafia figures, like Calvi, Gelli and Sindona. (I recommend for the 'banking' part the book of Richard Hammer 'The Vatican Connection').
What is also intriguing, or should I say 'demonic', is the fact that the next pope didn't remove anybody entangled in these murky affairs from his office.
The author also gives very plausible hints why, besides personal career interests, there were moral (the issue of birth control, for instance) and financial (money laundering to help friendly unions and parties) motives.
A devastating book.
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The book gets into documents and testimony that you would think proves Peltier's innocence. However, there is a force that is greater than the truth, and that is corruption!
The American Indian Movement (AIM) and its attorneys have little chance as long as the American public remains blind to the powers that be in the legal system and in government. This book is an eye opener. However, be aware that the reading can seem mundane at times unless you have a keen eye and interest in legal jargon. I was lost a few times but finishing the book was worth it to hear the other version of "truth".
I recommend this book if you have any interest at all in the Leonard Peltier story or of the corruption of a system that works for the government, not for the people.
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Insights the Strouse bio makes accessible inform the daily world around us in bounteous ways that make this book an incredibly worthwhile (as well as compelling) read. In this morning's WSJ, there was discussion of Iran now making good on previously nationalized assets so as to make Iran a more attractive place for international investors; the discussion of the bond market in light of the stock market's powerful gains continues; and individual investors as well as institutions are forever coming to terms with the fact that the market continues to support companies with what have traditionally been considered wildly high p/e ratios.
Add to the mix that Morgan was a fascinating man--as interested in the details of the dresses he had made for his wife, daughters, and mistresses as in the contents of his library, the speed of and fittings on his latest yacht, as well as the characters of the men who worked for him and with whom he chose to form investing syndicates, and you have a delightful, powerful biography.
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John Weitz the author of this book, is the same John Weitz that was a popular US clothing desinger in the second half of the 20th century. He was also an intelligence agent for the OSS, the forerunner of the CIA during and immediately after WWII. Ian Fleming mentioned Weitz as the prototype of his character, James Bond.
Weitz is also the father of Paul and Chris Weitz, the directors of "American Pie", and "About A Boy", and admirably not "American Pie II".