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Edgar Bronfman movingly testified before the House Banking Committee that the Swiss should not "be allowed to make a profit from the ashes of the Holocaust." On the other hand, Bronfman recently acknowledged that the WJC treasury has amassed no less than "roughly $7 billion" in compensation monies.[note 39: Burt Neuborne, "Totaling the Sum of Swiss Guilt," in New York Times (24 June 1998). Hearings before the Committee on Banking and Financial Services, House of Representatives, 11 December 1996. "Holocaust-Konferenz in Stockholm," in Frankfurt Allgemeine Zeitung (26 January 2000) (Bronfman)]
In late August 2000 the World Jewish Congress (WJC) announced that it stood to amass fully $9 billion in Holocaust compensation monies.[note 1: Joan Gralla, "Holocaust Foundations Set for Restitution Funds," in Reuters (22 August 2000); Michael J. Jordan, "Spending Restitution Money Pits Survivors Against Groups," in Jewish Telegraphic Agency (29 August 2000); NAHOS (The Newsletter of the National Association of Jewish Child Holocaust Survivors) (1 September 200, 6 October 2000, and 6 November 2000); Marilyn Henry, "Proposed 'Foundation for Jewish People' Has No Cash," in Jerusalem Post (8 September 2000); Joan Gralla, "Battle Brews Over Holocaust Compensation," in Reuters (11 September 2000); Shlomo Shamir, "Government to Set Up New Fund for Holocaust Payments," in Haaretz (12 September 2000); E.J. Kessler, "Hillary the Holocaust Heroine?" in New York Post (12 September 2000); Melissa Radler, "Survivors Get Most of Cash in Shoah Fund," in Forward (17 September 2000); "The WJC Defends Event Panned by Commentary," in Jewish Post (20 September 2000).