Tuesday, May 22, 2007

Documents: Bush's Grandfather Directed Bank Tied to Man Who Funded Hitler

WASHINGTON — President Bush's
grandfather was a director of a
bank seized by the federal
government because of its
ties to a German industrialist
who helped bankroll Adolf
Hitler's rise to power,
government documents show.

Prescott Bush (search) was
one of seven directors of
Union Banking Corp.
(search), a New York
investment bank owned
by a bank controlled by the
Thyssen family, according
to recently declassified National
Archives documents
reviewed by The Associated

Fritz Thyssen (search)
was an early financial supporter
of Hitler, whose Nazi party
Thyssen believed was preferable
to communism. The documents
do not show any evidence Bush
directly aided that effort.
His position with Union Banking
never was a political issue for
Bush, who was elected to the Senate from Connecticut in 1952.

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