Union Banking Corporation - Prescott Bush Allegations

Prescott Bush Allegations

After the declassification of government documents in 2002, Internet rumors alleged that the seizure of the bank proved that George W. Bush's grandfather, Prescott Bush, was a supporter of the Nazis. In 2003, the Anti-Defamation League responded, saying:

Rumors about the alleged Nazi 'ties' of the late Prescott Bush ... have circulated widely through the internet in recent years. These charges are untenable and politically motivated. Despite some early financial dealings between Prescott Bush and a Nazi industrialist named Fritz Thyssen (who was arrested by the Nazi regime in 1938 and imprisoned during the war), Prescott Bush was neither a Nazi nor a Nazi sympathizer.


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