fff said:
Mike said:
George Bush's grandfather, the late US senator Prescott Bush, was a director and shareholder of companies that profited from their involvement with the financial backers of Nazi Germany.
Too funny. The financial backer spoken of here, Fritz Thyssen, was later jailed by the Nazis for being against them.
Prescott Bush
ONLY OWNED ONE SHARE in the Harriman bank which did business with Thyssen.
To say Prescott Bush helped Hitler to power is quite a stretch. :roll: :roll:
And he sold that one share for $1.5 million bucks. Quite a lot of money at the time. Pretend all you want, but
"This was the mechanism by which Hitler was funded to come to power, this was the mechanism by which the Third Reich's defence industry was re-armed, this was the mechanism by which Nazi profits were repatriated back to the American owners, this was the mechanism by which investigations into the financial laundering of the Third Reich were blunted," said Loftus, who is vice-chairman of the Holocaust Museum in St Petersburg.
"The Union Banking Corporation was a holding company for the Nazis, for Fritz Thyssen," said Loftus. "At various times, the Bush family has tried to spin it, saying they were owned by a Dutch bank and it wasn't until the Nazis took over Holland that they realised that now the Nazis controlled the apparent company and that is why the Bush supporters claim when the war was over they got their money back. Both the American treasury investigations and the intelligence investigations in Europe completely bely that, it's absolute horseshit. They always knew who the ultimate
There is no dispute over the fact that the US government seized a string of assets controlled by BBH - including UBC and SAC - in the autumn of 1942 under the Trading with the Enemy act. What is in dispute is if Harriman, Walker and Bush did more than own these companies on paper.
The whole story!!!
Harriman Bank was the main Wall Street partner for several German companies and the varied U.S. financial interests of Fritz Thyssen. Thyssen had been an early financial backer of the Nazi party, but by 1939 was bitterly denouncing Hitler and had fled Germany. He was later jailed by the Nazis for his opposition to the Nazi regime.[5] Business transactions with Germany were not illegal until Hitler declared war on the United States on December 11, 1941, but, six days after the attack on Pearl Harbor, President Franklin Delano Roosevelt signed the Trading With the Enemy Act after it had been made public that U.S. companies were doing business with the declared enemy of the United States. On October 20, 1942, the U.S. government ordered the seizure of German banking operations in New York City. Roosevelt's Alien Property Custodian, Leo T. Crowley, signed Vesting Order Number 248 seizing property under the Trading with the Enemy Act. The order cited only the Union Banking Corporation (UBC), of which Bush was a director and held only one share. Fox News has reports on recently declassified material about this issue, according to a document signed by Homer Jones, chief of the division of investigation and research of the Office of Alien Property Custodian, a World War II-era agency.[6] By 1941 Thyssen no longer had control over his business empire, which was in the hands of the Nazi government.
E. Roland Harriman – 3991 shares
Cornelis Lievense – 4 shares (New York banker)
Harold D. Pennington – 1 share (Employed by Prescott Bush at Brown Brothers Harriman)
Ray Morris – 1 share (a business partner of the Bush and Harriman families)
Prescott S. Bush – 1 share (director of UBC; managing partner for E. Roland Harriman and Averell Harriman)
H.J. Kouwenhoven – 1 share (organized UBC for Von Thyssen, managed UBC in Netherlands)
Johann G. Groeninger – 1 share (German Industrial Executive)
The Harriman business interests seized under the act in October and November 1942 included:
Union Banking Corporation (UBC) (for Thyssen and Brown Brothers Harriman).
Dutch-American Trading Corporation (with Harriman)
the Seamless Steel Equipment Corporation (with Harriman)
Silesian-American Corporation (this company was partially owned by a German entity; during the war the Germans tried to take full control of Silesian-American. In response to that, the American government seized German owned minority shares in the company, leaving the U.S. partners to carry on the business.)
These assets were held by the U.S. government for the duration of the war, then returned afterward. UBC was dissolved in 1951. Bush was on the board of directors of UBC and held only one share in the company.
Toby Rogers claimed that Bush's connections to Silesian businesses (with Thyssen and Flick) made him complicit with the slave labour mining operations in Poland out of Auschwitz. However given Thyssen fled Germany before Hitler invaded Poland and set up those mining operations it is very hard to see how this claim can be defended.
Some records in the National Archives, including the Harriman papers, document the continued relationship of Brown Brothers Harriman with the anti-Nazi German exile Thyssen and some of his German investments up until his 1951 death.[7] Two former slave laborers from Poland filed suit in London against the government of the United States in the amount of $40 billion. Judge Rosemary Collier dismissed a class-action lawsuit filed in the U.S. in 2001, citing the principle of state sovereignty.[5]
Prescott Bush's connection to the arms industry[8] industry came from his father Samuel P. Bush who worked for Buckeye Steel Castings Company which manufactured railway parts for the railroad industry and barrels for guns and casings for shells for Remington Arms.[9][10]