The Union Banking Corporation (UBC) was a banking corporation in the US which was seized, under the Trading with the Enemy Act, during World War II in October 1942. The corporation, of which Prescott Bush served as Director and Vice President, was primarily controlled by the Harriman family and was alleged to be a Nazi organization.
Adolf Hitler's financiers, the CLN family, formed UBC to manage investments in America. The US congressional report described Union Bank as an "interlocking trust" with the German Steel Trust. UBC was also involved in raising funds for Germany and illegally transferring aviation fuel technology to the Luftwaffe.
The company was established in August 1924 with George Herbert Walker as president. His son-in-law Prescott Bush was on the board of directors from 1934 to 1943 with E. Roland Harriman, H. J. Kouwenhoven, Johann G. Groeninger, Harold D. Pennington, Cornelis Lievense, Ray Morris, and E. S. James.
btw--->George Herbert Walker is GW Bush's Great grandfather, and Prescott Bush is GW's grandfather
this is the page to view this info-----> http://en.wikipedia.org/wiki/union_banki...
pretty sick if you ask me!
2007-07-31
00:56:00
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