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ClearDot.gif (85 bytes) Nazty Business (cont.)
. . . . . .

According to former United States Justice Department Nazi war crimes investigator John Loftus, who has investigated the Bush family's considerable ties to the Third Reich, Prescott Bush's investment prowess helped make millions of dollars for various Nazi-front holding companies, and he was well paid for his efforts. "The Bush family fortune that helped put two members of the family in the White House can be traced directly to the Third Reich," says Loftus, who is currently President of the Florida Holocaust museum.

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George W.'s great-grandfather has been described as “one of Hitler's most powerful financial supporters in the United States”

In his own investigation, Loftus discovered a disturbing trail connecting the Bush family's money laundering efforts to the Thyssens and their role in building up the Nazi war machine. He believes these connections deserve more scrutiny: "There are six million skeletons in the Thyssen family closet, and a myriad of criminal and historical questions to be answered about the Bush family's complicity."

Fortunately for Bush, who was later elected a United States Senator, his name never surfaced in the news when his Union Banking shares were seized by the US government. The only media reference related to the seizure was a brief 1944 item in the New York Times announcing that "The Union Banking Corporation, 39 Broadway, New York, has received authority to change its principal place of business to 120 Broadway.” The article neglected to point out that the company's assets had been seized under the Trading With the Enemy act or that 120 Broadway was the address of the US Alien Property Custodian. If the news had been publicized, it would have likely derailed Bush's political career as well as the future Presidential aspirations of both his son and grandson. According to Loftus, however, the potential scandal did affect the short-term career plans of Prescott's eldest son, George Herbert Walker Bush.

As the government investigation into Prescott's Nazi dealings heated up, Loftus reveals, the 18-year-old Bush abandoned his plans to enter Yale and enlisted instead in the US Army in an attempt to "save the family's honor." Meanwhile, Prescott Bush, in an effort to avoid potential government prosecution, volunteered to spy for the OSS, precursor of the US Central Intelligence Agency. These efforts at cleansing his Nazi ties appear to have been successful. He was never indicted. In 1951, Union Banking assets valued at $1.5 million were released back to the Bush family.

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