I'm not sure where to put this, but need accurate feedback please

[steve2470]

Last edited Tue Apr 2, 2013, 08:32 AM - Edit history (1)

Union Banking Corporation

Bush was one of seven directors (including W. Averell Harriman) of the Union Banking Corporation, an investment bank that operated as a clearing house for many assets and enterprises held by German steel magnate Fritz Thyssen.[6][7] In July 1942, the bank was suspected of holding gold on behalf of Nazi leaders.[8] A subsequent government investigation disproved those allegations but confirmed the Thyssens' control, and in October 1942 the United States seized the bank under the Trading with the Enemy Act and held the assets for the duration of World War II.[6]

According to journalist Joe Conason, Prescott Bush's involvement with UBC was purely commercial and he was not a Nazi sympathizer.[9] The Anti-Defamation League[10] and historian Herbert Parmet[7] agreed with that assessment.

http://en.wikipedia.org/wiki/Prescott_Bush


Is this 100% accurate or what is the truth ? Thank you.

Steve

eta: "A subsequent government investigation disproved those allegations but confirmed the Thyssens' control" - this sentence is the part I have the most trouble with. The rest of it is pretty familiar territory.

[OmahaBlueDog]

1. See if any of this helps

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.

The Guardian has obtained confirmation from newly discovered files in the US National Archives that a firm of which Prescott Bush was a director was involved with the financial architects of Nazism.

His business dealings, which continued until his company's assets were seized in 1942 under the Trading with the Enemy Act, has led more than 60 years later to a civil action for damages being brought in Germany against the Bush family by two former slave labourers at Auschwitz and to a hum of pre-election controversy.

The evidence has also prompted one former US Nazi war crimes prosecutor to argue that the late senator's action should have been grounds for prosecution for giving aid and comfort to the enemy.

http://www.guardian.co.uk/world/2004/sep/25/usa.secondworldwar

[steve2470]

2. Have no idea about how credible this site is, only thing I can find so far:

May cleared the bank of holding a golden nest egg for the Nazi leaders but went on to describe a network of companies spreading out from UBC across Europe, America and Canada, and how money from voor Handel travelled to these companies through UBC.

http://www.altacocker.com/other_items/prescott.html

"Erwin May, a treasury attache and officer for the department of investigation in the APC (Alien Property Commission)" - from same link.