Bush family to Nazis
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.
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.
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.
where the Bush family fortune came from: It came from the Third
Reich," Loftus said.
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
he said he had a file of paperwork linking the bank and Prescott
Bush to Nazi money, Loftus did not provide that documentation Saturday.
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.
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.
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
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."
left many in tears.
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