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Stunning Crimes of the Big Banks: Worse than Your Wildest Imagination

George Washington's picture




 

Preface:   Not all banks are criminal enterprises.  The wrongdoing of a particular bank cannot be attributed to other banks without proof.  But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior.

Here are just some of the improprieties by big banks:

  • Engaging in mafia-style big-rigging fraud against local governments. See this, this and this
  • Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here, here, here, here, here, here, here and here
  • Pledging the same mortgage multiple times to different buyers. See this, this, this, this and this. This would be like selling your car, and collecting money from 10 different buyers for the same car
  • Committing massive fraud in an $800 trillion dollar market which effects everything from mortgages, student loans, small business loans and city financing
  • Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves. See this, this, this, this and this
  • Engaging in unlawful “Wash Trades” to manipulate asset prices. See this, this and this
  • Participating in various Ponzi schemes. See this, this and this
  • Bribing and bullying ratings agencies to inflate ratings on their risky investments

The executives of the big banks invariably pretend that the hanky-panky was only committed by a couple of low-level rogue employees. But studies show that most of the fraud is committed by management.

Indeed, one of the world’s top fraud experts – professor of law and economics, and former senior S&L regulator Bill Black – says that most financial fraud is “control fraud”, where the people who own the banks are the ones who implement systemic fraud. See this, this and this.

But at least the big banks do good things for society, like loaning money to Main Street, right?

Actually:

  • The big banks have slashed lending since they were bailed out by taxpayers … while smaller banks have increased lending. See this, this and this

We can almost understand why Thomas Jefferson warned:

And I sincerely believe, with you, that banking establishments are more dangerous than standing armies ....

John Adams said:

Banks have done  more injury to religion, morality, tranquillity, prosperity, and even wealth of the nation than they have done or ever will do good.

And Lord Acton argued:

The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.

 

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Thu, 08/02/2012 - 05:36 | 2671323 BeetleBailey
BeetleBailey's picture

FUCK banks.

I shun them, and LAUGH at anyone that works at one.

I meet people that work at banks weekly. I give them the business each and every time. Laugh at them.

I get the "well, I'm a nice person" crapola weak retort. I counter with "yeah...there were nice housewives that were married to SS and Gestapo too.....you work for Satan lady" (as most of these people are house frau types).

I use credit unions, money orders and cash. I haven't had a bank account in years.

Fuck em.

ALL banks need to be blown up and raped of their money. Every one of them are evil.

Thu, 08/02/2012 - 03:06 | 2671276 AnAnonymous
AnAnonymous's picture

When it comes to this kind of stuff, you can believe anything and more as long as US citizens are in command...

 

The rule of the thumb is: imagine the worst of the worst and yet, consider, US citizens will manage to worsen that.

It is US citizen special knack: no situation is bad enough they can not worsen it.

Thu, 08/02/2012 - 07:01 | 2671361 Ghordius
Ghordius's picture

LOL - it's not new, you are paraphrasing the words of the great Anglo-American Winston Churchill:

 

"You can always count on Americans to do the right thing—after they’ve tried everything else."

                                 other Churchill quotes that are relevant today:

"If you are going to go through hell, keep going."

"A lie gets halfway around the world before the truth has a chance to get its pants on."

"The best argument against democracy is a five-minute conversation with the average voter."

"It has been said that democracy is the worst form of government except all the others that have been tried."

"The whole history of the world is summed up in the fact that, when nations are strong, they are not always just, and when they wish to be just, they are no longer strong."

Thu, 08/02/2012 - 05:23 | 2671319 BeetleBailey
BeetleBailey's picture

Hey douchebag. Tell us where you dwell. Otherwise, knock off this anti-US sentiment.

What's the matter? Your pissant little jerk-country get bombed?

Man are you an annoying little fuck.

Thu, 08/02/2012 - 02:58 | 2671270 imaginalis
imaginalis's picture

Something tells me we won't hear much of this in the MSM

Thu, 08/02/2012 - 02:27 | 2671243 pherron2
pherron2's picture

Foud this on ebay, could be an effective tool on some of these vampire squid fucks, I just can't afford it!

http://www.ebay.com/itm/Original-Antique-1800s-Circa-New-Orleans-Vampire...

Thu, 08/02/2012 - 03:58 | 2671297 dogbreath
dogbreath's picture

seems rather  pricy for a kit in used condition. 

Thu, 08/02/2012 - 01:02 | 2671186 TerraHertz
TerraHertz's picture

Then it gets personal - The Commonwealth Bank of Australia STOLE the physical land title deed for my property. A lovely historic document from 1838, "proprietor of an estate in fee simple", passed to the bank on taking out a loan in 1999.

They'd previously held it for another loan from 1987 to 1989, and that time as expected, returned the document on repayment of the loan.

But when we paid the second loan off in 2007.... "nope, you can't have your piece of paper back." They gave multiple conflicting and obviously lying excuses for why they 'couldn't return it'.

Personally, I'm convinced the CBA bundled it up with some other deeds, and sold them as a CDO. Even though the CBA claims they were not doing that.

Crimes of the banks... tell me about it. Banker's heads on pikes, is what I want to see.

What really sucks, is that on taking legal advice I'm informed that I have no means of redress. Apparently even though you may 'own' your land, you don't own the piece of paper that says you do. The government owns that. So they can ink-jet print out a crappy A4 sheet of paper as replacement if they want to, and there's nothing you can do about it.

Lesson to anyone posessing an old, historic land title deed: if you need to take out a mortgage, better 'lose' your deed first, and give the bank one of the crappy govt-printed substitutes instead. NEVER hand over your original title deed to the bastards.

Thu, 08/02/2012 - 03:52 | 2671294 sherryw
sherryw's picture

I was unaware banks here in Australia could bundle up loans and sell them as CDOs. Are you sure?

Thu, 08/02/2012 - 00:33 | 2671167 Savyindallas
Savyindallas's picture

there are far too many lazy, stupid, corrupt people who can be bought off , fooled or manipulated by the Banksters. That is a real problem.

Thu, 08/02/2012 - 00:21 | 2671153 LivermoreJim
LivermoreJim's picture

Documented?????

What are you people smoking?

Wed, 08/01/2012 - 23:52 | 2671122 monad
monad's picture

The first thing we need to do, is silence the MSM.

Wed, 08/01/2012 - 23:52 | 2671121 tulip_permabull
tulip_permabull's picture

Holohoax.

You may be enlightened by  the following book, "Hoax of the Twentieth Century" by (the unfortunately named but well-researched) R.A Butz.

http://vho.org/aaargh/fran/livres3/HoaxV2.pdf

Wed, 08/01/2012 - 23:44 | 2671109 tongue.stan
tongue.stan's picture

Some economies produce raw materials, finished goods, etc.

The US economy produces mostly frauds and schemes. Our GDP is almost all illegal, unethical.

The rape of the taxpayer is built in to the system now, like so many cards forming the base of a house of cards.

The banksters and Rebloodicrats have made it so that if they are forced to pay for their crimes, the system simply implodes, at their bidding.

Most evil, they be.

Wed, 08/01/2012 - 23:33 | 2671102 geekgrrl
geekgrrl's picture

Quite the laundry list, GW. Another one that belongs on that list is controlling political candidates that end up on the presidential ballot. As Carroll Quigley described in Tragedy and Hope, this has been going on for over a century, and this November's election is a particularly good example of both candidates being puppets pre-approved and beholden to the banking cartel.

OT, but maybe of interest to ZH'ers: I recently received an underpayment notice from the IRS. It was for such a small amount that it wouldn't be worth the time to figure out whether I made the error or they did, but as a matter of principle, today I bit the bullet and figured it out. Turns out the IRS made the error, and it really makes me wonder if the IRS is taking a cue from the big banks and trying to nickel and dime folks with bogus charges and "mistakes" in the hopes that they'll just pay rather than dispute the matter. The curious thing was that their error was so blatant (the number in dispute came right out of the tax table) that I cannot help but be suspicious that there are deliberate and formal procedures in place such that every "error" is in the IRS's favor. If any ZH'ers get these kinds of notices, based on my experience, just because the IRS says you owe money, don't believe them; check your math, and more importantly, theirs.

Thu, 08/02/2012 - 05:06 | 2671290 NuYawkFrankie
NuYawkFrankie's picture

Re IRS trying to nickel and dime folks with bogus charges and "mistakes" in the hopes that they'll just pay rather than dispute the matter.

Had a few of those off New York State tax authorities - for returns going back 3 or 4 years.

Met up with some walking-corpse who was an auditor (a "friend of a friend") for NYS and he said something like: "Yeah, they pick 'em out at random and attach some number. Most people are that intimidated that they cough up the dough".

Needless to say, I didnt pay - just dug out the old tax returns & re-mailed 'em. Usually got a boilerplate reply that "although, in this instance, your return appears to be in good order, the matter is still open and subject to  further investigation" - or some such nonsense.

 Yeah - the Mafia on the Hudson (aka Albany) is alive & well ... they'd win the Olympic Gold for "The Shakedown" if there was such an event.

 

 

 

Thu, 08/30/2012 - 02:21 | 2748825 geekgrrl
geekgrrl's picture

I'm still waiting for a reply. I'll post it if they send a response. :-)

Wed, 08/01/2012 - 22:49 | 2671036 torak
torak's picture

OMG!  We're SHOCKED GW -- simply SHOCKED!!!

Wed, 08/01/2012 - 22:41 | 2671017 q99x2
q99x2's picture

I believe it. Totally. I also believe their leader has a tail a really big head and lives in the tunnels that run between Wells Fargo, the New York Fed and Brown Brothers Harriman.

Wed, 08/01/2012 - 23:22 | 2671092 mr66
mr66's picture

yess sir!   absolutely,  in the 1960's, I worked in the cage at a major firm handling broker to broker deliveries of physical certificates.  I took in millions of bearer bonds issued by the Northern Pacific Railway  3% issued in 1896.  and all these certificates came from the Morgue and all had a German Govt stamp of the Nazi period... I had always heard JPM hid Nazi money, but when I saw these bonds...f-r-e-a-k-y

Wed, 08/01/2012 - 22:39 | 2671010 Never One Roach
Never One Roach's picture
Cabinet hold discussions over full RBS nationalisation Cabinet ministers were tonight reported to have held discussions over a full nationalisation of Royal Bank of Scotland but talks are understood to have stalled amid a lack of support from the Treasury.

 

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9445618/...

Wed, 08/01/2012 - 22:24 | 2670979 Fix It Again Timmy
Fix It Again Timmy's picture

In a 30 year mortgage, you will make 360 monthly payments.  If you paid religiously 359 payments but cannot make the360th - you lose everything and the system is geared to strip you of your home in a most expeditious manner.  Banking is built on the religion of Greed...

Wed, 08/01/2012 - 22:41 | 2671018 Al Gorerhythm
Al Gorerhythm's picture

With no "consideration" on their part. No skin in the game, just a ledgerbook enabling scam with "legal" leins over your labor and wealth creation efforts.

Wed, 08/01/2012 - 22:16 | 2670965 Monk
Monk's picture

And yet the global middle class still relies on them for easy credit.

 

Wed, 08/01/2012 - 22:11 | 2670955 printmoremoney
printmoremoney's picture

You forgot printing money out of thin air which is stealing.  And running a fractional bank system that is based on debt, not value. It is a system of slavery used for centuries, banks or kings, same ole shit.

Wed, 08/01/2012 - 23:09 | 2671061 cynicalskeptic
cynicalskeptic's picture

By some definitions this is more properly defined as counterfeiting a nation's currency - a CAPITAL crime in most nations.   Considering that the US Constitution speciofocally allowed ONLY the coinage of gold and silver for 'money' and FORBID paper currency issuance by the Treasury, and Congress abided by these restrictions, one has to wonder what happened?  

Truth is that most 'bank notes' were PRIVATELY ISSUED - backed (supposedly) by gold) for the first hundred years of this country's history.  And many banks wer established  - got their charters - not as banks but as other entities - one of the major NY Banks got its start  as a water company.  The 'currency' they issued was officially a 'note' a promise to pay in gold.   You could - and expected to be able to - redeem any bank's notes for gold - although this was at times not easy and on occasion futile.  Interestingly, Lincoln's 'greenbacks' lasted for only a short time - and were eliminated after the CIvil War ended.  'National' bank notes wer still privately issued - though more formally backed and overseen by the Treasury Department - lasting until the Federal Reserve was established. The Fed is owned by PRIVATE BANKS, NOT the government - and has maintained exclusive rights to issue currency.   FDR changed the valuation of gold - and eliminated legal privatge ownership in part to exapand the amoung to currency in circulation (without the FDIC and banks failing regularly, people took money out of banks (and out of circulation) - literally putting it in matteresses and burying it in backyards - making it diffiuclt to conduct commerce).  Back then you could NOT simply 'print' more money - yiou had to have gold (albeit less than 100% ) to back any new money created.  'Confiscating' gold and changing its vvalue allowed additional currency to be created - in compliance with the requirements for gold backing it.   JFK issued an executive order authorizing the printing og TREASURY notes - but this EO was reoked by LBJ - who also debased coinage, removing the 90% silver requirement.  Nixon removed any remaining link to PM's - and official backing requirements.   Since then the sky's the limit when it comes to increasing the money supply.

Wed, 08/01/2012 - 22:07 | 2670943 Wave-Tech
Wave-Tech's picture

Wouldn’t it be nice if we could round up all the criminals, toss them in jail, and throw away the keys?

http://www.elliottwavetechnology.com/2012/08/wouldnt-it-be-nice.html

Wed, 08/01/2012 - 22:07 | 2670942 I am on to you
I am on to you's picture

The To big to Jail, has got them all by the Bells Far-goers.

If THEY(the elected,just as much as blow their nose,they blow the whistle,we have a nice picture of you and,whatever)so here we stand,like always,us the peasants,the consummers,the church runners,atheists,and the ismemers,all that we are saying is give,us a chance:Meening, honesty for one time in human history

Sadly,history has shown,we aint getting nowhere ,with words,in the 60ths we try,d to kill them with Love,they gave us bad dope!

We also(in the 60ths) warned about the big pollution problem,the anserw,you smoked to much Nepal,se the patern,warned about the EU,the Union, that was, by some said Poul Schlutter Danish premier Minister,stone death,he should have said,will stone you to death,through the Lisabon Treaty.

Same old song,only new masters!

 

Wed, 08/01/2012 - 22:03 | 2670929 rustymason
rustymason's picture

Oh, nein! Funding the Nazis!? That's illegal, nicht wahr? Tsk, tsk, holohawks and ufos and shit. But the US funding the Soviet Union -- a far more brutal totalitarian communist regime which murdered 50 million of its own citizens (but is strangely never mentioned by the MSM) -- now that was fine, no need to show up on GW Lefty's list.

Hey, GW, just show the crimes, ok? and leave your commie sympathies in the closet with your yarmulke and panty hose.

Thu, 08/02/2012 - 02:30 | 2671244 CompassionateFascist
CompassionateFascist's picture

 Yeah...somehow GW left out Lazard Freres and other NY Jewbanks financing the Bolsheviks. Fact is (cf. Soros, '80s-90s, funding both Central American communists and anti-communist revolutions in E. Europe) Bankster/plutocrat Jews have always played both sides against the middle in order to maximize their own Tribal power. They are Beasts of Chaos: War and Revolution. 

Wed, 08/01/2012 - 21:47 | 2670890 OutLookingIn
OutLookingIn's picture

Banks are flamable.

Just sayin...

Wed, 08/01/2012 - 22:34 | 2670998 Al Gorerhythm
Al Gorerhythm's picture

No. We need the evidence in court.

Wed, 08/01/2012 - 21:33 | 2670860 Mithril
Mithril's picture

Let's take our wealth back, write off this fraud. Give them a "real job" in a cheap camp.  Award them "credit"  subtracting time to rat one another out. If they are exonerated "thank them for thier service to our country" and pay the good ones back.... That's what they have done to all of the veterans over the many years protecting their Domestic Terrorism. Except for the payback claus... I call Bull Shit on their scam!

Wed, 08/01/2012 - 21:20 | 2670825 kedi
kedi's picture

Wish the master hackers to flood the world with a virus that makes an article like this and it's links the default homle page of every browser.

Wed, 08/01/2012 - 22:10 | 2670953 I am on to you
I am on to you's picture

Salute you for this!

Wed, 08/01/2012 - 21:37 | 2670867 bhakta
bhakta's picture

Nice vision... I share it with you.

Wed, 08/01/2012 - 21:14 | 2670816 rlouis
rlouis's picture

Thank you GW for cataloging a virtual indictment of the banks and the CON-gress

Wed, 08/01/2012 - 20:57 | 2670784 permaculture
permaculture's picture

Actually the Nazis fought against the central banks.  The debacle that was the Weimar Republic suffered the same injustice that the banks are unleashing upon us at this very moment.....and the reason why Hitler was elected in the first place.  Things have come full circle.

Wed, 08/01/2012 - 21:12 | 2670812 Fred Hayek
Fred Hayek's picture

Not exactly. Weimar Germany recovered pretty nicely from its hyperinflation of 1923. Things were going pretty well through the late 20's and the nazi party was getting absolutely nowhere until the great depression And after they took over the nazis didn't dissolve the Reichsbank. They just put their people in charge.

Wed, 08/01/2012 - 22:44 | 2671025 permaculture
permaculture's picture

It really all depends upon whose history you read.

Wed, 08/01/2012 - 21:54 | 2670907 DavidPierre
DavidPierre's picture

1924-31:  The German economy collapses as planned and the vultures circle. The so-called Dawes Plan is created to restructure German reparations payments. The nominal author of the plan is American banker Charles Dawes. Lurking behind Dawes are, quelle surprise, the ubiquitous Dulles brothers.

The Versailles Treaty requires Germany to pay reparations with gold, but the country is bankrupt, it has no gold. With the Dulles brothers' financial merry-go-round, Germany borrows vast amounts of gold from clients of Sullivan and Cromwell, the Dulles brothers' law firm, which has a long and inglorious history of work for the American ruling class. Germany uses the American gold to pay Britain and France their war reparations. Then, Britain and France repay the United States the money they had borrowed during The Great War.

The Dulles brothers make a few bucks here and there on the deal, naturally.

Other pin striped gangsters, such as the Morgans and the Rockefellers, are quick to provide gold under the deal and receive bonds and promissory notes backed by shares of stock in Swiss holding companies which, in turn, own stock in German banks. The banks, in turn, own the stock of major German corporations which, in turn, own many of the most valuable industrial patents in the world, almost a worldwide high-tech monopoly. American companies, such as Dupont and General Motors, are more than willing to swap gold for the incredibly valuable patent rights, at bargain basement prices. There is even talk of setting up a worldwide patent cartel in Germany, so that the American companies can operate without the "inconvenience" of U.S. antitrust laws.

U.S. financiers arrange a series of loans totaling $800 million to consolidate gigantic German chemical and steel combinations into cartels, one of which is IG Farben formed by the merger of three German chemical giants Bayer, Hoechst and Badische Aniline Soda Fabrik (BASF ). Three Wall Street investment houses, Dillon, Reed & Co., Harris, Forbes & Co. and National City Bank procure three-quarters of the loans used to create the cartels.

The Jewish banking family, the Warburgs, via their Kuhn, Loeb subsidiary, are are also heavily involved in assembling IG Farben, which will become a crucial factor in the rise of Adolf Hitler and the arming of Germany before and throughout the Second World War.

Farben will also become notorious as the manufacturer of the Zyklon-B gas which will used to exterminate millions of Jews and other "subhumans". In partnership with the Rockefellers, Farben will ultimately operate a string of forty concentration camps, including Auschwitz.

Members of the Warburg family sit on the Farben board of directors.

It's just business.....

Thu, 08/02/2012 - 02:03 | 2671232 Bringin It
Bringin It's picture

Shocking!  Especially the last part about the IG Farben BoD.

Wed, 08/01/2012 - 20:51 | 2670776 Haager
Haager's picture

Actually, banks and central banks are cooking the countries, and the US.

They - and politians - seem to lie about everything. They're laughing at us, the people.

People became anxious, afraid. There is more and more distrust against other countries, the situation for many people turns from bad to worse.

May I assume that all this is planned and therefore wanted? Is the debt-crisis just a tool to rule and to force restrictive laws against countries and nations? You decide for yourself.

Wed, 08/01/2012 - 20:48 | 2670769 toady
toady's picture

It's all perfectly legal

Wed, 08/01/2012 - 22:40 | 2671014 Vooter
Vooter's picture

LOL...tell that to the banker's wife as she screams over her husband's corpse in the driveway...

Wed, 08/01/2012 - 22:46 | 2671029 toady
toady's picture

I didn't say it was moral, merely legal.

It sounds like you've come up with the moral solution.

Wed, 08/01/2012 - 21:05 | 2670799 nmewn
nmewn's picture

Exactly.

Their biggest strength is also their biggest weakness.

Wed, 08/01/2012 - 20:46 | 2670767 tony bonn
tony bonn's picture

thank you so much george for sounding the truth.....the bush crime syndicate was behind the nazis long before the war; bill farrish was the standard oil of nj executive who traded profitably with the nazis all through the war and with rockefeller blessings.....the bush crime syndicate murdered president kennedy, ousted richard nixon, and almost murdered ronald reagan.....the list is so much longer - including the 9/11 coup de grace - than this but it gives you a good idea of what the patriot act is all about....

Wed, 08/01/2012 - 21:47 | 2670889 DavidPierre
DavidPierre's picture

 George W. Bush's grandfather, Prescott Bush, is the Managing Director of the notorious investment bank, Brown Brothers, Harriman, from the 1920s through the 1940s and, like his father Samuel Bush, becomes a devoted lifelong minion of the Harrimans, one of the leading families in the U.S. ruling class. In league with Averell W. Harriman and his younger brother, E. Roland Harriman, Bush serves as front man for and facilitates investment in and for a score of Nazi businesses.

Bush, the Harrimans, the Rockefeller family, Standard Oil, the Duponts, the Morgans and the Fords provide funding for the Hitler Project, financing Adolf Hitler's rise to power and the takeover of Germany starting in 1923. This includes direct funding of the SS (Schutzstaffel or Black Shirts) and the SA (Sturmabteilung, storm troops or Brown Shirts).

The "approved" version of Hitler's rise to power has the German people, economically devastated by the First World War and the destructive terms of the Treaty of Versailles (written by the Dulles brothers, the Morgans and the Warburgs among others) embracing Hitler as their savior. In fact, it took some 300,000 SS and SA thugs, armed and financed by the Rockefellers, Fords, Bushes, Harrimans, Duponts et al to terrorize the German people into submission to the Nazis. These same thugs assassinated more than four hundred German politicians who had the courage to oppose Nazism.

The cash supplied by the American ruling class to the SS and SA is channeled through a variety of German companies by International Telephone and Telegraph (IT&T).

Virtually all of the weapons used by the SS and SA to terrorize the German people, primarily Thomson submachine guns and pistols, are supplied by the Rockefellers' Remington Arms and carried to Germany by the Harriman-controlled Hamburg-Amerika line fronted by George W. Bush's great grandfather, Herbert W. Walker.

The Rockefellers’ Chase Manhattan Bank serves as a major source of finance for the Nazis and, as the Nazis send Jews, Gypsies, socialists and other “sub-humans” to the gas chambers in accordance with the eugenics agenda promulgated by the American ruling class, closes the accounts of its Jewish customers.

Chase continued to serve as banker for the Nazis even after Germany declared war on the U.S.

Joseph Kennedy, multi-millionaire bootlegger, Mafia associate, stock market swindler and founder of the Kennedy political dynasty, is a major contributor of capital to the Nazis via Prescott Bush. Kennedy is a vocal anti-Semite and pro-Nazi who later becomes U.S. Ambassador to Britain. His pro-Nazi statements do much to mold U.S. public opinion.

 

Fri, 08/03/2012 - 07:45 | 2675178 flattrader
flattrader's picture

>>> George W. Bush's grandfather, Prescott Bush, is the Managing Director of the notorious investment bank, Brown Brothers, Harriman,...<<<

Prescott Bush, along with his father in law Walker, were directors and shareholdrs of Union Banking Corporation.

http://www.guardian.co.uk/world/2004/sep/25/usa.secondworldwar

They were and still are useful tools of the truly wealthy...and not the sharpest tools in the shed.

Un;ile the other dozen or so banks with German ties which stopped doing businesss with Germany after December, 7 1941, UBC continued to operate as usual and had its' assets siezed under the Trading with the Enemy Act in 1942.

However, it didn't seem to hurt his future political career mcuh and ultimately the family made some dough off the Nazis--

>>>Loftus said Prescott Bush must have been aware of what was happening in Germany at the time. "My take on him was that he was a not terribly successful in-law who did what Herbert Walker told him to. Walker and Harriman were the two evil geniuses, they didn't care about the Nazis any more than they cared about their investments with the Bolsheviks."

What is also at issue is how much money Bush made from his involvement. His supporters suggest that he had one token share. Loftus disputes this, citing sources in "the banking and intelligence communities" and suggesting that the Bush family, through George Herbert Walker and Prescott, got $1.5m out of the involvement. There is, however, no paper trail to this sum.<<<

This article also contains a mention of the Kennedy family involvement with Nazi financing.

It was good business.  I hear the Nazi Party paid as much as 8-9%.

http://www.guardian.co.uk/world/2004/sep/25/usa.secondworldwar

 

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