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In 2007, Raul Hilberg, most distinguished historian on the Nazi holocaust and member of the American Academy of Arts and Sciences, said: "...Finkelstein, when he published this book, was alone. It takes an enormous amount of academic courage to speak the truth when no one else is out there to support him. And so, I think that given this acuity of vision and analytical power, demonstrating that the Swiss banks did not owe the money, that even though survivors were beneficiaries of the funds that were distributed, they came, when all is said and done, from places that were not obligated to pay that money..."