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.
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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