Author links Bush family to Nazis
posted 11/11/00

STAFF REPORT

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."

SOURCE:
http://www.newscoast.com/headlinesstory2.cfm?ID=35115
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INDEX FOR: GEORGE BUSH: THE UNAUTHORIZED BIOGRAPHY
http://www.padrak.com/alt/BUSHBOOK_INDEX.html

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Loftus is a renowned author who has written the best researched book ever on
this and related subjects. Among the classic texts where you can get the
proof are:
[ The Secret War Against the Jews, by John Loftus and Mark Aarons, St.
Martin's Press; Trading with the Enemy by Charles Higham, 1983; The Splendid
Blond Beast: Money Law and Genocide in the Twentieth Century by Christopher
Simpson, 1993; Blowback, by Christopher Simpson, Weidenfeld & Nicolson 1988;
OLD NAZIS, THE NEW RIGHT, AND THE REPUBLICAN PARTY by Russ Bellant;
Philadelphia
Inquirer article by David Lee Preston, "Fired Bush Backer One of Several
with
Possible Nazi Links," 9/10/88].

Congress held hearings on this in 1942 and seized Prescott Bush's holdings
under the Trading With The Enemy Act. Both Truman and Roosevelt commented on
it.

envax