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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Rarebird who wrote (49489)	2/23/2000 11:32:00 AM
From: long-gone	Read Replies (1) of 116753

Tuesday February 22, 6:33 pm Eastern Time Chase helped Germany get dollars in World War II NEW YORK, Feb 22 (Reuters) - Chase Manhattan Corp. (NYSE:CMB - news), the No. 3 U.S. bank holding company, said on Tuesday one of its predecessor banks helped Nazi Germany obtain U.S. dollars for German marks that may have come from the forced sale of Jewish assets. While other countries were not accepting German marks, Chase was one of several banks that participated in a so-called ``Rueckwanderer' program that enabled the German government to raise between about $25 million to $35 million in the mid-1930s. Named after the German word for someone who has left but might return, the program let German-Americans interested in returning to Germany exchange U.S. dollars for marks at a favorable rate, giving the German government U.S. dollars. Germany had created ``blocked' marks that could be used domestically but had no value internationally while its currency was not accepted abroad.(cont) biz.yahoo.com

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