[sixties-l] history of bushes

From: PNFPNF@aol.com
Date: 01/04/01

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    The following was sent by a friend and longtime activist; it had appeared in 
    the Herald Tribune Newscoast (northwestern U.S., I think). 
    The president of the Florida Holocaust Museum said Saturday that George W. 
    Bush's grandfather derived a portion of his personal fortune through his 
    affiliation with a Nazi-controlled bank. John Loftus, a former prosecutor in  
     the Justice Department's Nazi War Crimes Unit, said his research found that 
    Bush's grandfather, Prescott Bush, was a principal in the  Union Banking 
    Corp. in Manhattan in the late 1930s and the 1940s.Leading Nazi 
    industrialists secretly  owned the bank at that time, Loftus said, and were 
    moving money into     it through a second bank in Holland even after the 
    United States    declared war on Germany. The bank was liquidated in 1951, 
    Loftus   said, and Bush's grandfather and great-grandfather received $1.5    
    million from the bank as part of that dissolution. "That's where the Bush 
    family fortune came from: It came from the Third Reich," Loftus said.
    Loftus made his remarks during a speech as part of the Sarasota Reading 
    Festival. The author of "Unholy Trinity: The Vatican, The Nazis and the Swiss 
    Banks," Loftus documented the Swiss bank accounts that harbored funds 
    confiscated from Holocaust victims and the participation of Italian priests 
    in    smuggling Nazi war criminals to safe haven in Canada, Central and South 
    America and the United States after the war. Although he said he had a file 
    of paperwork linking the bank and Prescott Bush to Nazi money, Loftus did not 
    provide that documentation Saturday. Loftus pointed out that the Bush family 
    would not be the only American political dynasty to have ties to the "wrong 
    side of World War II." The Rockefellers had financial connections to Nazi 
    Germany, he said. Loftus also reminded his audience that John F. Kennedy's 
    father, an avowed isolationist and former ambassador to Great Britain, 
    profited during the 1930s and '40s from        Nazi stocks that he owned. "No 
    one today blames the Democrats because Jack Kennedy's father bought Nazi 
    stocks," Loftus said. Still, he said, it is important to understand these 
    historical connections for what they tell us about politics today. The World 
    War II experience points out how easy it was then -- and remains today -- to 
    hide money in multinational funds. That money flows into American politics 
    today, he said, from "a series of multinational corporations behaving like 
    pirates. They don't care about ideology; they care about money." Loftus' 
    speech left many in tears.
    "I am absolutely shocked," said Nancy Krauss of Punta Gorda. "I wish this 
    would have come out before the election. My husband voted for Bush. I don't 
    think he would have voted for him if he would have known." 

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