We haven't seen this happen since right before World War II.

[David Merrill]

The BIS (Bank for International Settlements) was formed after WWI to handle reparations imposed upon Germany from the Treaty of Versailles around about 1930.

Useful! Thank you.

[shikamaru]

Useful! Thank you.

The BIS intersects with the Young Plan written in 1929 and adopted in 1930 by Owen D. Young, former ex-chairman of the Radio Corporation of America and at the time served on the board of trustees of the Rockefeller Foundation. Young also had previous experience in being a representative in previous war reparation restructuring agreements.

BIS was trustee of the German Government International Loan (Young Loan).