dChan
Anonymous ID: 0838f9 May 21, 2018, 6:27 p.m. No.1499650   🗄️.is 🔗kun   >>9734

>>1499517

https://en.wikipedia.org/wiki/Prescott_Bush

Bush was a founding member and one of seven directors (including W. Averell Harriman) of the Union Banking Corporation (holding a single share out of 4,000 as a director), an investment bank that operated as a clearing house for many assets and enterprises held by German steel magnate Fritz Thyssen.[6][7] In July 1942, the bank was suspected of holding gold on behalf of Nazi leaders.[8] A subsequent government investigation disproved those allegations but confirmed the Thyssens' control, and in October 1942 the United States seized the bank under the Trading with the Enemy Act and held the assets for the duration of World War II.[6] Journalist Duncan Campbell pointed out documents showing that Prescott Bush was a director and shareholder of a number of companies involved with Thyssen.[6]

 

Prescott Bush worked closely with Thyssen who was a prominent Nazi financier and did continue to manage his accounts during the Nazi occupation. Some historians dispute his allegiance to the Nazi party.[9] Historian Herbert Parmet agrees with the assessment that Bush was not a Nazi sympathizer.[7]

In the spring of 1918, banker Bernard Baruch was asked to reorganize the War Industries Board as the U.S. prepared to enter World War I, and placed several prominent businessmen to key posts. Bush became chief of the Ordnance, Small Arms, and Ammunition Section, with national responsibility for government assistance to and relations with munitions companies.[6]

 

Bush served on the board of the Federal Reserve Bank of Cleveland (as well as of the Huntington National Bank of Columbus).[3] In 1931, he was appointed to Herbert Hoover's President's Committee for Unemployment Relief, chaired by Walter S. Gifford, then-President of AT&T.[7] He was once recommended to serve on the board of the Reconstruction Finance Corporation, but Hoover did not feel he was sufficiently known nationally.[3]

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