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A damning account of American business support for Nazis,
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This review is from: Tower of Basel: The Shadowy History of the Secret Bank that Runs the World (Kindle Edition)
I used to cover the Bank for International Settlements as a financial journalist in the 1980s, so knew a fair amount of this story. But the immense details Adam LeBor brings shows how deeply involved the BIS was during WWII and immediately afterwards in protecting Nazi interests.
What surprises me is to realise how much American financiers were implicated, both at the head of the BIS and in U.S. companies, banks and legal firms working to keep links with Nazi Germany going while American soldiers were making massive sacrifices on the battlefields against Germany.
Besides concerning the BIS, this book is a fierce indictment of the conduct of American financial interests overall.
The BIS is undemocratic, as LeBor points out, but it is so useful to behind-the-scenes international monetary cooperation, that it is likely to keep on going indefinitely. Some of the quiet measures taken by the BIS to help one crisis or another did impress me, I must admit. But at what moral cost?