I'm not sure where to put this, but need accurate feedback please [View all]

Last edited Tue Apr 2, 2013, 07:32 AM - Edit history (1)

Union Banking Corporation

Bush was one of seven directors (including W. Averell Harriman) of the Union Banking Corporation, 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]

According to journalist Joe Conason, Prescott Bush's involvement with UBC was purely commercial and he was not a Nazi sympathizer.[9] The Anti-Defamation League[10] and historian Herbert Parmet[7] agreed with that assessment.

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


Is this 100% accurate or what is the truth ? Thank you.

Steve

eta: "A subsequent government investigation disproved those allegations but confirmed the Thyssens' control" - this sentence is the part I have the most trouble with. The rest of it is pretty familiar territory.