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Bush bank tied to Nazi funding Follow Us Kay C. James Question of the Day
ASSOCIATED PRESS 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. TOP STORIES Prescott Bush was one of seven directors of Union Banking Corp., 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 Press. Fritz Thyssen was an early financial supporter of Hitler, whose National Socialist German Workers’ Party (Nazi) Mr. Thyssen believed was preferable to communism. The documents do not show any evidence that Mr. Bush directly aided that effort. His position with Union Banking never was a political issue for Prescott Bush, who was elected to the Senate from Connecticut in 1952. ....