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To: Glenn D. Rudolph who wrote (6611)	6/18/1998 4:05:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

There you go!! Hope you get many more $2K!!

To: Glenn D. Rudolph who wrote (6611)	6/19/1998 6:17:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Good Morning all Amazon war veterans. Wishing all the best of luck but hoping the shorts prevail today as the techs increase for those that write naked puts. The bears deserve a less stressful weekend. Glenn

To: Glenn D. Rudolph who wrote (6611)	6/19/1998 7:45:00 AM
From: Glenn D. Rudolph	Respond to of 164684

***OT** Swiss banks confirm Holocaust offer, talks teeter Reuters Story - June 19, 1998 06:55 %NEWS %MEAST %CH %BNK %DIP %US %IL %EEU %GOL SBVZn.S UBS.S V%REUTER P%RTR ZURICH, June 19 (Reuters) - Switzerland's three big banks confirmed on Friday they were offering $600 million to settle U.S. claims that they hoarded Holocaust victims' funds after World War Two. But they said they would not consider "unfounded and excessive" demands for higher payments and said the World Jewish Congress and lawyers for Holocaust victims suing the Swiss banks were putting the negotiating process at risk. "The banks said that they are prepared to offer $600 million (including funds already deposited in the Humanitarian Fund of $70 million), which would form the 'Rough Justice' component of a settlement to be distributed to Holocaust survivors and the families," Credit Suisse Group, Swiss Bank Corp and Union Bank of Switzerland said in a joint statement. They were referring to the humanitarian fund set up by banks and private businesses last year to aid needy Holocaust victims, and to a compensation fund the U.S.- brokered settlement talks launched in April aim to fill. "By all legitimate criteria, this is a fair offer. The banks view this offer to be at the upper limit of what can be justified, based on the facts and circumstances. The banks re-emphasised that they would not entertain unfounded and excessive demands for payments above this amount." The banks said the offer was separate from payments due to be made to Holocaust victims or their heirs from dormant accounts being sought by an independent auditing team headed by former U.S. central bank chairman Paul Volcker. The banks accused the WJC and plaintiff's lawyers of "seriously jeopardising" settlement negotiations and said a court-ordered confidentiality agreement had been violated repeatedly. If the talks collapse, lawyers who have brought a $20 billion class-action suit against Swiss banks are expected to push to have their claims heard as speedily as possible by a federal court in Brooklyn where the suit has been filed. "In view of misleading reports, the banks feel obliged to set the record straight," the bank statement said. News reports from the U.S. quoted unnamed sources this week as saying Jewish groups would boycott the next round of negotiations on June 23 because they felt the Swiss offer was too low. The sources also said the World Jewish Congress (WJC) had decided not to stand in the way of U.S. state and local government efforts to impose sanctions on Swiss banks, a move that could come as early as July 1. A WJC spokesman in New York declined comment on these reports. Earlier stories based on leaks had put the Swiss bank offer at over one billion dollars, but later reports reduced that to around $550 million, saying the difference represented money from dormant accounts being sought by the Volcker auditors. The three banks again pledged in their statement to pay the full amount of dormant accounts that are found by Volcker's independent panel, which was appointed by Swiss banks and the WJC two years ago and expects to finish its audit this year.