- Obama takes aim at ‘corporate deserters’
- Dick’s Sporting Goods lays off 478 PGA golf pros
- Senators: Cease-fire must allow Israel to defend against rockets, tunnels
- Sierra Leone doctor fighting Ebola catches disease
- Iraq welcomes Russian fighter jets, helicopter gunships into ISIL fight
- John McCain laments: Obama’s ‘self-pity … is really kind of sad’
- GOP offer to fix VA gives $10 billion in emergency funds
- Paul Ryan offers to repair U.S. economic safety net with a single grant stream
- Kim Jong-un builds bond with Putin: $250M Russia-backed addition to key port opens
- Pope Francis meets Meriam Ibrahim, a Sudanese woman sentenced to death
Bush bank tied to Nazi funding
Question of the Day
President Bush’s grandfather was a director of a bank seized by the federal government because of its ties to a German industrialist who helped bankroll Adolf Hitler’s rise to power, government documents show.
Prescott Bush was one of seven directors of Union Banking Corp., a New York investment bank owned by a bank controlled by the Thyssen family, according to recently declassified National Archives documents reviewed by the Associated Press.
Fritz Thyssen was an early financial supporter of Hitler, whose National Socialist German Workers’ Party (Nazi) Mr. Thyssen believed was preferable to communism. The documents do not show any evidence that Mr. Bush directly aided that effort. His position with Union Banking never was a political issue for Prescott Bush, who was elected to the Senate from Connecticut in 1952.
Reports of Prescott Bush’s involvement with the seized bank have been circulating on the Internet for years and have been reported by some mainstream news media. The newly declassified documents provide additional details about the Union Banking-Thyssen connection.
Trent Duffy, a spokesman for President Bush, declined to comment.
Union Banking was owned by a Dutch bank, Bank voor Handel en Scheepvaardt N.V., which was “closely affiliated” with the German conglomerate United Steel Works, according to an Oct. 5, 1942, report from the federal Office of Alien Property Custodian. The Dutch bank and the steel firm were part of the business and financial empire of Mr. Thyssen and his brother, Heinrich Thyssen-Bornemisza, the report said.
Union Banking was seized by the government in October 1942 under the Trading with the Enemy Act.
By Michael Widlanski
Leveling the battlefield to aid terrorists enables evil to fight on
- 'We're coming for you, Barack Obama': Top U.S. official discloses threat from ISIL terrorists
- Obama orders Pentagon advisers to Ukraine
- NAPOLITANO: What if our democracy is a fraud?
- Hamas rejects Kerry's call for cease-fire; Fears grow others could join fight against Israel
- Norway expects imminent 'concrete threat' from ISIL terrorists 'within days'
- State Department indicates Nouri al-Maliki's days numbered as Iraq prime minister
- Evidence shows Russia firing artillery into Ukraine: Pentagon
- Algerian plane diverted due to storms, second aircraft: 116 missing
- Russia sends Iraq fighter jets, helicopter gunships for ISIL fight after meeting in Moscow
- Tom Petty: 'No one's got Christ more wrong than the Christians'
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world
Fighting in Iraq