Robert (Bob) E. Diamond, Jr

[David Guyatt]

The following is no more than a thumbnail sketch. Further research into names listed herein will, I am certain, reveal more detailed information into associations that connect to the intelligence community, WWII and the Third Reich.

In the below summary, I note simply that 1954 seems to have been the effective date when the Nazi Bomann funds began to be repatriated to the newly constituted West Germany. It was the same year that the Bilderberg Conferences were first launched - and Bilderberg is believed to have also acted as a laundry/investment vehicle for nazi loot.

http://group.barclays.com/About-us/Manag...45162.html

Robert (Bob) E. Diamond, Jr

Robert E. Diamond, Jr. is the Chief Executive of Barclays PLC.



Position: Chief Executive, Barclays PLC
Robert E. Diamond, Jr. is the Chief Executive of Barclays PLC.
Previously, he was President of Barclays PLC and Chief Executive of Corporate & Investment Banking and Wealth Management, comprising Barclays Capital, Barclays Corporate, and Barclays Wealth.
He is an Executive Director of the Boards of Barclays PLC and Barclays Bank PLC and has been a member of the Barclays Group Executive Committee since 1997. He joined the firm in 1996.
Mr. Diamond is also a Board Member of BlackRock following the integration of Barclays Global Investors.
Prior to Barclays, Mr. Diamond was Vice Chairman and Head of Global Fixed Income and Foreign Exchange at CS First Boston, where he was also a member of the Executive Board and Operating Committee. Previously, he was Managing Director and Head of Fixed Income Trading at Morgan Stanley International, spending 13 years with the firm.
Mr. Diamond began his career as a lecturer at the School of Business, University of Connecticut.
A native of Concord, Massachusetts, Mr. Diamond received a Bachelor of Arts degree in Economics from Colby College in Maine (1974) and an MBA from the University of Connecticut, where he ranked first in his class (1977). He was awarded Doctor of Humane Letters from the University of Connecticut in 2006 and Doctor of Laws from Colby College in 2008.
His external affiliations include:
Chairman, Board of Trustees of Colby College, Waterville, Maine
Chairman, Old Vic Productions, Plc
Trustee, The Mayor's Fund for London
Member of the Advisory Board, Judge Business School at Cambridge University
Board Member, The Diamond Family Foundation
Member of International Advisory Board, British-American Business Council
Life Member of The Council on Foreign Relations
Member, The Atlantic Council.
He is married with three children.

****

http://www.babcsf.org/about/history/

The British American Council

The original organization was incorporated in 1954 as the British American Trade Centre, with the aim of promoting and assisting trade between the UK and the US.
The first President was C E C (Euan) Rabagliati, and the Consul-General in San Francisco at the time was KJM White.
â–ª Membership fees in 1954 were as follows:
â–ª Sponsor Membership $250.00 US per annum
â–ª Individual Membership $100.00 US per annum
â–ª (Worth noting when you look at the cost of membership 50 years later!)
Original Board Members included representatives of BOAC, Bechtel, Barclays, Wells Fargo and Orient & Pacific Lines.
In November 1957, the organization changed its name to the British American Chamber of Commerce and Trade Centre. Chalmers Graham, a founding partner of Graham and James (now Squire, Sanders and Dempsey LLP), spearheaded the Chamber's growth for several years.
For a period in the 1980s, the organization was known as the British American Chamber of Commerce San Francisco. It was changed in the 1990s to the British American Chamber of Commerce Northern California, to reflect the growth of the organization within the Bay Area, specifically in Silicon Valley. Mostyn Lloyd, OBE, served as Executive Director from 1990 to 2006 and was a driving force in bringing our Annual Christmas Lunch attendance from a mere 200 people to the 1000 that it is today.
Peter Gardiner, OBE, served as President for 10 years and was elected the first President of an umbrella network, British American Business Council (BABC) when it was formed in 1994. This umbrella organization helps steer the largest transatlantic business network, comprising nearly 30 independent BABC chapters in all major business centers across North America, and the United Kingdom, including the BABC in Northern California.
The BACC elected its first woman President, Kathleen Kimura, MBE, in 2001. Kathleen currently serves on our Board, Chairs the Annual Christmas Lunch and represents BABC Northern California and all other West Coast chapters within the umbrella organization.
In 2004, a re-branding changed our name to the British American Business Council Northern California to more closely align our organization with fellow chapters spread across the BABC international network.
With offices and staff in downtown San Francisco, and a Board comprising representatives of the Bay Area's internationally minded business community, the BABC Northern California provides business networking, seminars and services in San Francisco, Silicon Valley and the East Bay.

****

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

Euan Rabagliati
From Wikipedia, the free encyclopedia

Colonel Euan Rabagliati was a pilot, racecar driver and was later recruited by MI6 during World War II serving as head for Holland and Denmark. He shot down the first German plane in World War One by firing with a pistol and his crash at Brooklands was followed by the banning of mechanics racing alongside their drivers.
Contents [hide]
1 Biography
2 World War One
3 1930 Brooklands Crash
4 Working for MI6
5 References
[edit]
Biography
Cuthbert Euan Charles Rabagliati (1892-1978), was the son of Andrea Rabagliati. Head of MI6 Danish and Dutch Country Sections 1940-49. Married Beatrix Oliver 1940 (died 1992). Served RFC WW1 (M.C., A.F.C.)
[edit]
World War One
He had one of the earliest pilot's licences and joined KOYLI (the King's Own Yorkshire Light Infantry) and ultimately the Royal Flying Corps.
He shot down the first German plane during World War One. On 25 August 1914, with Lt C.W. Wilson he forced down a German Etrich Taube which had approached their aerodrome while they were refueling their Avro.
[edit]
1930 Brooklands Crash
During the Easter 1930 Double Twelve Hour Race the car which had been running fourth in Max Aitken's hands was withdrawn after the other two team cars of Rabagliati and Hebeler collided. Rabagliati was seriously injured, his mechanic and eleven spectators died in what was one of Brooklands' worst accidents.
Towards the end of the first days race, Rabagliati and Ted who was his riding mechanic at the time, were chasing the Alfa Romeo of Ivanovsky and Eyston when they came upon Archie Frazer-Nash's Austin 7 which was travelling considerably slower in the center of the track.
As Rabagliati swerved to avoid the Austin he got sideways and was hit by Hebeler in one of the other Talbots. The Rabagliati and Allery Talbot rolled into the infield spectator area causing carnage. Twenty people were injured, many of them seriously. Ted and one of the spectators died at the scene. Rabagliati suffered head injuries but survived as did the other injured spectators.
Rabagliati was left for dead but miraculously survived the crash following surgical insertion of a silver plate cap to the front of his skull. After waking from a coma, his first words was to ask for a bottle of champagne[1].
The accident gave rise to the legal case: Hall v Brooklands Auto Racing Club, after which the signs "Motor Racing is Dangerous" were displayed at all race meetings.
[edit]
Working for MI6
In the book 'The Hornet's Sting' by Mark Ryan (2008) about Danish second world war spy Thomas Sneum, Rabagliati's role as head of MI6 in charge of Holland and Denmark is described from interviews with Sneum who met Rabagliati on the 25th June, 1941 at his London home in St. James's close to the offices of MI6.[1]. Rabagliati persuaded Sneum to work as a spy having survived a heroic crossing of the North Sea in a Hornet Moth.
By December of 1941 Rabagliati together with van t'Sant had infiltrated five agents into occupied Holland, but only one, Aart Alblas, was left at liberty. He was arrested as other agents, often as a result of betrayal, and executed at Mauthausen in 1944.
Rabagliati is described as small in stature but tenacious and professional.
After the war he was British vice-consul in San Francisco, eventually retiring to Cannes in the South of France.
[edit]
References
1. ^ a b Mark Ryan; The Hornet's Sting, 2008
â–ª Celebrating 90 Years of Brooklands
â–ª Ted Allery Obituary describing Brooklands Crash
[1]

****

CSFB - Credit Suisse First Boston grew out of White Weld & Co, who were bought by Merrill Lynch and who, in turn, sold out to First Boston who, in turn, joined with the Swiss Credit Suisse in a 50-50% investment banking venture that became Credit Suisse First Boston - abbreviated as CSFB - that became wholly owned by CS in 1988 until 2006.

http://en.wikipedia.org/wiki/White_Weld_%26_Co.

White Weld & Co.
From Wikipedia, the free encyclopedia

White Weld & Co.

Investment banking, Brokerage
White Weld & Co. was a Boston-based investment bank, historically managed by Boston Brahmins until its sale to Merrill Lynch in 1978. The Weld family name can be traced back to the founding of Massachusetts in the 1630s.
[edit]
History
White, Weld & Co. was founded in Boston in the nineteenth century, originally to finance overseas trade. It developed into a small, well-connected New York investment bank by the twentieth century and a bastion of the WASP establishment. For example, George Herbert Walker, Jr., uncle of the first President Bush, became an executive of White, Weld when his firm G. H. Walker & Co. was bought by them in the early 1970s. As stock markets became more retail-oriented and investment banking became more capital intensive, the firm decided it could not compete and put itself up for sale. One of the firm's most prominent transactions in its final period was the IPO of Walmart in 1970 with Stephens Inc. The firm's employees were known for frequently wearing white bucks as their footwear. Note that they frequently allowed these shoes to become exceedingly dirty and these became a symbol of the firm's status within the WASP establishment.
[edit]
Relationship with Credit Suisse
One of its most successful ventures was an international investment banking partnership founded in 1970 by Robert L. Genillard as a Managing Partner of White Weld&Co, with Credit Suisse , called 'Société Anonyme du Credit Suisse et de White Weld'' or Credit Suisse White Weld. Sir John Craven, later head of Morgan Grenfell, led Credit Suisse White Weld from 1975 to 1978. Furthermore, Oswald Gruebel, Credit Suisse chief from 2004 to 2007, began his career in 1970 at Credit Suisse White Weld. When White Weld was purchased by Merrill Lynch, it left the partnership with Credit Suisse and was replaced by First Boston thus creating the Credit Suisse First Boston business in London. The Swiss private banking division of White Weld, founded in 1954 as White Weld & Co. AG, lives on as Clariden Bank.

****

http://www.guardian.co.uk/world/2004/sep...ndworldwar

How Bush's grandfather helped Hitler's rise to power
Rumours of a link between the US first family and the Nazi war machine have circulated for decades. Now the Guardian can reveal how repercussions of events that culminated in action under the Trading with the Enemy Act are still being felt by today's president

Share

Ben Aris in Berlin and Duncan Campbell in Washington
The Guardian, Saturday 25 September 2004 23.59 BST

George Bush's grandfather, the late US senator Prescott Bush, was a director and shareholder of companies that profited from their involvement with the financial backers of Nazi Germany.
The Guardian has obtained confirmation from newly discovered files in the US National Archives that a firm of which Prescott Bush was a director was involved with the financial architects of Nazism.

His business dealings, which continued until his company's assets were seized in 1942 under the Trading with the Enemy Act, has led more than 60 years later to a civil action for damages being brought in Germany against the Bush family by two former slave labourers at Auschwitz and to a hum of pre-election controversy.

The evidence has also prompted one former US Nazi war crimes prosecutor to argue that the late senator's action should have been grounds for prosecution for giving aid and comfort to the enemy.

The debate over Prescott Bush's behaviour has been bubbling under the surface for some time. There has been a steady internet chatter about the "Bush/Nazi" connection, much of it inaccurate and unfair. But the new documents, many of which were only declassified last year, show that even after America had entered the war and when there was already significant information about the Nazis' plans and policies, he worked for and profited from companies closely involved with the very German businesses that financed Hitler's rise to power. It has also been suggested that the money he made from these dealings helped to establish the Bush family fortune and set up its political dynasty.

Remarkably, little of Bush's dealings with Germany has received public scrutiny, partly because of the secret status of the documentation involving him. But now the multibillion dollar legal action for damages by two Holocaust survivors against the Bush family, and the imminent publication of three books on the subject are threatening to make Prescott Bush's business history an uncomfortable issue for his grandson, George W, as he seeks re-election.

While there is no suggestion that Prescott Bush was sympathetic to the Nazi cause, the documents reveal that the firm he worked for, Brown Brothers Harriman (BBH), acted as a US base for the German industrialist, Fritz Thyssen, who helped finance Hitler in the 1930s before falling out with him at the end of the decade. The Guardian has seen evidence that shows Bush was the director of the New York-based Union Banking Corporation (UBC) that represented Thyssen's US interests and he continued to work for the bank after America entered the war.

Tantalising
Bush was also on the board of at least one of the companies that formed part of a multinational network of front companies to allow Thyssen to move assets around the world.

Thyssen owned the largest steel and coal company in Germany and grew rich from Hitler's efforts to re-arm between the two world wars. One of the pillars in Thyssen's international corporate web, UBC, worked exclusively for, and was owned by, a Thyssen-controlled bank in the Netherlands. More tantalising are Bush's links to the Consolidated Silesian Steel Company (CSSC), based in mineral rich Silesia on the German-Polish border. During the war, the company made use of Nazi slave labour from the concentration camps, including Auschwitz. The ownership of CSSC changed hands several times in the 1930s, but documents from the US National Archive declassified last year link Bush to CSSC, although it is not clear if he and UBC were still involved in the company when Thyssen's American assets were seized in 1942.

Three sets of archives spell out Prescott Bush's involvement. All three are readily available, thanks to the efficient US archive system and a helpful and dedicated staff at both the Library of Congress in Washington and the National Archives at the University of Maryland.

The first set of files, the Harriman papers in the Library of Congress, show that Prescott Bush was a director and shareholder of a number of companies involved with Thyssen.

The second set of papers, which are in the National Archives, are contained in vesting order number 248 which records the seizure of the company assets. What these files show is that on October 20 1942 the alien property custodian seized the assets of the UBC, of which Prescott Bush was a director. Having gone through the books of the bank, further seizures were made against two affiliates, the Holland-American Trading Corporation and the Seamless Steel Equipment Corporation. By November, the Silesian-American Company, another of Prescott Bush's ventures, had also been seized.

The third set of documents, also at the National Archives, are contained in the files on IG Farben, who was prosecuted for war crimes.

A report issued by the Office of Alien Property Custodian in 1942 stated of the companies that "since 1939, these (steel and mining) properties have been in possession of and have been operated by the German government and have undoubtedly been of considerable assistance to that country's war effort".

Prescott Bush, a 6ft 4in charmer with a rich singing voice, was the founder of the Bush political dynasty and was once considered a potential presidential candidate himself. Like his son, George, and grandson, George W, he went to Yale where he was, again like his descendants, a member of the secretive and influential Skull and Bones student society. He was an artillery captain in the first world war and married Dorothy Walker, the daughter of George Herbert Walker, in 1921.

In 1924, his father-in-law, a well-known St Louis investment banker, helped set him up in business in New York with Averill Harriman, the wealthy son of railroad magnate E H Harriman in New York, who had gone into banking.

One of the first jobs Walker gave Bush was to manage UBC. Bush was a founding member of the bank and the incorporation documents, which list him as one of seven directors, show he owned one share in UBC worth $125.

The bank was set up by Harriman and Bush's father-in-law to provide a US bank for the Thyssens, Germany's most powerful industrial family.

August Thyssen, the founder of the dynasty had been a major contributor to Germany's first world war effort and in the 1920s, he and his sons Fritz and Heinrich established a network of overseas banks and companies so their assets and money could be whisked offshore if threatened again.

By the time Fritz Thyssen inherited the business empire in 1926, Germany's economic recovery was faltering. After hearing Adolf Hitler speak, Thyssen became mesmerised by the young firebrand. He joined the Nazi party in December 1931 and admits backing Hitler in his autobiography, I Paid Hitler, when the National Socialists were still a radical fringe party. He stepped in several times to bail out the struggling party: in 1928 Thyssen had bought the Barlow Palace on Briennerstrasse, in Munich, which Hitler converted into the Brown House, the headquarters of the Nazi party. The money came from another Thyssen overseas institution, the Bank voor Handel en Scheepvarrt in Rotterdam.

By the late 1930s, Brown Brothers Harriman, which claimed to be the world's largest private investment bank, and UBC had bought and shipped millions of dollars of gold, fuel, steel, coal and US treasury bonds to Germany, both feeding and financing Hitler's build-up to war.

Between 1931 and 1933 UBC bought more than $8m worth of gold, of which $3m was shipped abroad. According to documents seen by the Guardian, after UBC was set up it transferred $2m to BBH accounts and between 1924 and 1940 the assets of UBC hovered around $3m, dropping to $1m only on a few occasions.

In 1941, Thyssen fled Germany after falling out with Hitler but he was captured in France and detained for the remainder of the war.

There was nothing illegal in doing business with the Thyssens throughout the 1930s and many of America's best-known business names invested heavily in the German economic recovery. However, everything changed after Germany invaded Poland in 1939. Even then it could be argued that BBH was within its rights continuing business relations with the Thyssens until the end of 1941 as the US was still technically neutral until the attack on Pearl Harbor. The trouble started on July 30 1942 when the New York Herald-Tribune ran an article entitled "Hitler's Angel Has $3m in US Bank". UBC's huge gold purchases had raised suspicions that the bank was in fact a "secret nest egg" hidden in New York for Thyssen and other Nazi bigwigs. The Alien Property Commission (APC) launched an investigation.

There is no dispute over the fact that the US government seized a string of assets controlled by BBH - including UBC and SAC - in the autumn of 1942 under the Trading with the Enemy act. What is in dispute is if Harriman, Walker and Bush did more than own these companies on paper.

Erwin May, a treasury attache and officer for the department of investigation in the APC, was assigned to look into UBC's business. The first fact to emerge was that Roland Harriman, Prescott Bush and the other directors didn't actually own their shares in UBC but merely held them on behalf of Bank voor Handel. Strangely, no one seemed to know who owned the Rotterdam-based bank, including UBC's president.

May wrote in his report of August 16 1941: "Union Banking Corporation, incorporated August 4 1924, is wholly owned by the Bank voor Handel en Scheepvaart N.V of Rotterdam, the Netherlands. My investigation has produced no evidence as to the ownership of the Dutch bank. Mr Cornelis [sic] Lievense, president of UBC, claims no knowledge as to the ownership of the Bank voor Handel but believes it possible that Baron Heinrich Thyssen, brother of Fritz Thyssen, may own a substantial interest."

May cleared the bank of holding a golden nest egg for the Nazi leaders but went on to describe a network of companies spreading out from UBC across Europe, America and Canada, and how money from voor Handel travelled to these companies through UBC.

By September May had traced the origins of the non-American board members and found that Dutchman HJ Kouwenhoven - who met with Harriman in 1924 to set up UBC - had several other jobs: in addition to being the managing director of voor Handel he was also the director of the August Thyssen bank in Berlin and a director of Fritz Thyssen's Union Steel Works, the holding company that controlled Thyssen's steel and coal mine empire in Germany.

Within a few weeks, Homer Jones, the chief of the APC investigation and research division sent a memo to the executive committee of APC recommending the US government vest UBC and its assets. Jones named the directors of the bank in the memo, including Prescott Bush's name, and wrote: "Said stock is held by the above named individuals, however, solely as nominees for the Bank voor Handel, Rotterdam, Holland, which is owned by one or more of the Thyssen family, nationals of Germany and Hungary. The 4,000 shares hereinbefore set out are therefore beneficially owned and help for the interests of enemy nationals, and are vestible by the APC," according to the memo from the National Archives seen by the Guardian.

Red-handed
Jones recommended that the assets be liquidated for the benefit of the government, but instead UBC was maintained intact and eventually returned to the American shareholders after the war. Some claim that Bush sold his share in UBC after the war for $1.5m - a huge amount of money at the time - but there is no documentary evidence to support this claim. No further action was ever taken nor was the investigation continued, despite the fact UBC was caught red-handed operating a American shell company for the Thyssen family eight months after America had entered the war and that this was the bank that had partly financed Hitler's rise to power.

The most tantalising part of the story remains shrouded in mystery: the connection, if any, between Prescott Bush, Thyssen, Consolidated Silesian Steel Company (CSSC) and Auschwitz.

Thyssen's partner in United Steel Works, which had coal mines and steel plants across the region, was Friedrich Flick, another steel magnate who also owned part of IG Farben, the powerful German chemical company.

Flick's plants in Poland made heavy use of slave labour from the concentration camps in Poland. According to a New York Times article published in March 18 1934 Flick owned two-thirds of CSSC while "American interests" held the rest.

The US National Archive documents show that BBH's involvement with CSSC was more than simply holding the shares in the mid-1930s. Bush's friend and fellow "bonesman" Knight Woolley, another partner at BBH, wrote to Averill Harriman in January 1933 warning of problems with CSSC after the Poles started their drive to nationalise the plant. "The Consolidated Silesian Steel Company situation has become increasingly complicated, and I have accordingly brought in Sullivan and Cromwell, in order to be sure that our interests are protected," wrote Knight. "After studying the situation Foster Dulles is insisting that their man in Berlin get into the picture and obtain the information which the directors here should have. You will recall that Foster is a director and he is particularly anxious to be certain that there is no liability attaching to the American directors."

But the ownership of the CSSC between 1939 when the Germans invaded Poland and 1942 when the US government vested UBC and SAC is not clear.

"SAC held coal mines and definitely owned CSSC between 1934 and 1935, but when SAC was vested there was no trace of CSSC. All concrete evidence of its ownership disappears after 1935 and there are only a few traces in 1938 and 1939," says Eva Schweitzer, the journalist and author whose book, America and the Holocaust, is published next month.

Silesia was quickly made part of the German Reich after the invasion, but while Polish factories were seized by the Nazis, those belonging to the still neutral Americans (and some other nationals) were treated more carefully as Hitler was still hoping to persuade the US to at least sit out the war as a neutral country. Schweitzer says American interests were dealt with on a case-by-case basis. The Nazis bought some out, but not others.

The two Holocaust survivors suing the US government and the Bush family for a total of $40bn in compensation claim both materially benefited from Auschwitz slave labour during the second world war.

Kurt Julius Goldstein, 87, and Peter Gingold, 85, began a class action in America in 2001, but the case was thrown out by Judge Rosemary Collier on the grounds that the government cannot be held liable under the principle of "state sovereignty".

Jan Lissmann, one of the lawyers for the survivors, said: "President Bush withdrew President Bill Clinton's signature from the treaty [that founded the court] not only to protect Americans, but also to protect himself and his family."

Lissmann argues that genocide-related cases are covered by international law, which does hold governments accountable for their actions. He claims the ruling was invalid as no hearing took place.

In their claims, Mr Goldstein and Mr Gingold, honorary chairman of the League of Anti-fascists, suggest the Americans were aware of what was happening at Auschwitz and should have bombed the camp.

The lawyers also filed a motion in The Hague asking for an opinion on whether state sovereignty is a valid reason for refusing to hear their case. A ruling is expected within a month.

The petition to The Hague states: "From April 1944 on, the American Air Force could have destroyed the camp with air raids, as well as the railway bridges and railway lines from Hungary to Auschwitz. The murder of about 400,000 Hungarian Holocaust victims could have been prevented."

The case is built around a January 22 1944 executive order signed by President Franklin Roosevelt calling on the government to take all measures to rescue the European Jews. The lawyers claim the order was ignored because of pressure brought by a group of big American companies, including BBH, where Prescott Bush was a director.

Lissmann said: "If we have a positive ruling from the court it will cause [president] Bush huge problems and make him personally liable to pay compensation."

The US government and the Bush family deny all the claims against them.

In addition to Eva Schweitzer's book, two other books are about to be published that raise the subject of Prescott Bush's business history. The author of the second book, to be published next year, John Loftus, is a former US attorney who prosecuted Nazi war criminals in the 70s. Now living in St Petersburg, Florida and earning his living as a security commentator for Fox News and ABC radio, Loftus is working on a novel which uses some of the material he has uncovered on Bush. Loftus stressed that what Prescott Bush was involved in was just what many other American and British businessmen were doing at the time.

"You can't blame Bush for what his grandfather did any more than you can blame Jack Kennedy for what his father did - bought Nazi stocks - but what is important is the cover-up, how it could have gone on so successfully for half a century, and does that have implications for us today?" he said.

"This was the mechanism by which Hitler was funded to come to power, this was the mechanism by which the Third Reich's defence industry was re-armed, this was the mechanism by which Nazi profits were repatriated back to the American owners, this was the mechanism by which investigations into the financial laundering of the Third Reich were blunted," said Loftus, who is vice-chairman of the Holocaust Museum in St Petersburg.

"The Union Banking Corporation was a holding company for the Nazis, for Fritz Thyssen," said Loftus. "At various times, the Bush family has tried to spin it, saying they were owned by a Dutch bank and it wasn't until the Nazis took over Holland that they realised that now the Nazis controlled the apparent company and that is why the Bush supporters claim when the war was over they got their money back. Both the American treasury investigations and the intelligence investigations in Europe completely bely that, it's absolute horseshit. They always knew who the ultimate beneficiaries were."

"There is no one left alive who could be prosecuted but they did get away with it," said Loftus. "As a former federal prosecutor, I would make a case for Prescott Bush, his father-in-law (George Walker) and Averill Harriman [to be prosecuted] for giving aid and comfort to the enemy. They remained on the boards of these companies knowing that they were of financial benefit to the nation of Germany."

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.

The third person going into print on the subject is John Buchanan, 54, a Miami-based magazine journalist who started examining the files while working on a screenplay. Last year, Buchanan published his findings in the venerable but small-circulation New Hampshire Gazette under the headline "Documents in National Archives Prove George Bush's Grandfather Traded With the Nazis - Even After Pearl Harbor". He expands on this in his book to be published next month - Fixing America: Breaking the Stranglehold of Corporate Rule, Big Media and the Religious Right.

In the article, Buchanan, who has worked mainly in the trade and music press with a spell as a muckraking reporter in Miami, claimed that "the essential facts have appeared on the internet and in relatively obscure books but were dismissed by the media and Bush family as undocumented diatribes".

Buchanan suffers from hypermania, a form of manic depression, and when he found himself rebuffed in his initial efforts to interest the media, he responded with a series of threats against the journalists and media outlets that had spurned him. The threats, contained in e-mails, suggested that he would expose the journalists as "traitors to the truth".

Unsurprisingly, he soon had difficulty getting his calls returned. Most seriously, he faced aggravated stalking charges in Miami, in connection with a man with whom he had fallen out over the best way to publicise his findings. The charges were dropped last month.

Biography
Buchanan said he regretted his behaviour had damaged his credibility but his main aim was to secure publicity for the story. Both Loftus and Schweitzer say Buchanan has come up with previously undisclosed documentation.

The Bush family have largely responded with no comment to any reference to Prescott Bush. Brown Brothers Harriman also declined to comment.

The Bush family recently approved a flattering biography of Prescott Bush entitled Duty, Honour, Country by Mickey Herskowitz. The publishers, Rutledge Hill Press, promised the book would "deal honestly with Prescott Bush's alleged business relationships with Nazi industrialists and other accusations".

In fact, the allegations are dealt with in less than two pages. The book refers to the Herald-Tribune story by saying that "a person of less established ethics would have panicked ... Bush and his partners at Brown Brothers Harriman informed the government regulators that the account, opened in the late 1930s, was 'an unpaid courtesy for a client' ... Prescott Bush acted quickly and openly on behalf of the firm, served well by a reputation that had never been compromised. He made available all records and all documents. Viewed six decades later in the era of serial corporate scandals and shattered careers, he received what can be viewed as the ultimate clean bill."

The Prescott Bush story has been condemned by both conservatives and some liberals as having nothing to do with the current president. It has also been suggested that Prescott Bush had little to do with Averill Harriman and that the two men opposed each other politically.

However, documents from the Harriman papers include a flattering wartime profile of Harriman in the New York Journal American and next to it in the files is a letter to the financial editor of that paper from Prescott Bush congratulating the paper for running the profile. He added that Harriman's "performance and his whole attitude has been a source of inspiration and pride to his partners and his friends".

The Anti-Defamation League in the US is supportive of Prescott Bush and the Bush family. In a statement last year they said that "rumours 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 ... Prescott Bush was neither a Nazi nor a Nazi sympathiser."

However, one of the country's oldest Jewish publications, the Jewish Advocate, has aired the controversy in detail.

More than 60 years after Prescott Bush came briefly under scrutiny at the time of a faraway war, his grandson is facing a different kind of scrutiny but one underpinned by the same perception that, for some people, war can be a profitable business.

***

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

Extract:

Morgan Stanley
From Wikipedia, the free encyclopedia

Morgan Stanley

The Morgan Stanley Building.
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000.[1] The company reports US$779 billion as assets under its management.[2] It is headquartered in Midtown Manhattan, New York City.[3]
The corporation, formed by J.P. Morgan & Co. employees Henry S. Morgan (grandson of J.P. Morgan), Harold Stanley and others, came into existence on September 16, 1935. In its first year the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The main areas of business for the firm today are Global Wealth Management, Institutional Securities and Investment Management.

Snip...

History
See also: JPMorgan Chase*and J.P. Morgan & Co.
[edit]
Early years: 19351950
Morgan Stanley can trace its roots in the history of J.P. Morgan & Co. Following the Glass-Steagall Act, it became no longer possible for a corporation to have investment banking and commercial banking businesses under a single holding entity. J.P. Morgan & Co. chose the commercial banking business over the investment banking business. As a result, some of the employees of J.P. Morgan & Co., most notably Henry S. Morgan and Harold Stanley, left J.P. Morgan & Co. and joined some others from the Drexel partners to form Morgan Stanley. The firm formally opened the doors for business on September 16, 1935, at Floor 19, 2 Wall Street, New York City. Within its first year, it achieved 24% market share (US$1.1 billion) among public offerings. The firm was involved with the distribution of 1938 US$100 million of debentures for the United States Steel Corporation as the lead underwriter. The firm also obtained the distinction of being the lead syndicate in the 1939 U.S. rail financing. The firm went through a major reorganization in 1941 to allow for more activity in its securities business.As J.P. Morgan rose to fame, he organized a contract to make sure that all of his future family receive a large annual sum of money, directly given to his family. Currently, Steven Parisee, a 4th generation relative, receives an annual 1.5 million dollars, regardless of the companies financial situation.

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Antony Sutton - Wall Street and the Rise of Hitler (CHAPTER ELEVEN
Wall Street-Nazi Collaboration in World War II):

Treasury officials urged that an investigation be started with the French subsidiaries of several American banks that is, Chase, Morgan, National City, Guaranty, Bankers Trust, and American Express. Although Chase and Morgan were the only two banks to maintain French* offices throughout the Nazi occupation, in September 1944 all the major New York banks were pressing the U.S. Government for permission to re-open pre-war branches. Subsequent Treasury investigation produced documentary evidence of collaboration between both Chase Bank and J.P. Morgan with the Nazis in World War II. The recommendation for a full investigation is cited in full as follows:


TREASURY DEPARTMENT
INTER-OFFICE COMMUNICATION

Date: December 20, 1944
To: Secretary Morgenthau From: Mr. Saxon
Examination of the records of the Chase Bank, Paris, and of Morgan and Company, France, have progressed only far enough to permit tentative conclusions and the revelation of a few interesting facts:
CHASE BANK, PARIS
a. Niederman, of Swiss nationality, manager of Chase, Paris, was unquestionably a collaborator;
b. The Chase Head Office in New York was informed of Nieder-man's collaborationist policy but took no steps to remove him. Indeed there is ample evidence to show that the Head Office in New York viewed Niederman's good relations with the Germans as an excellent means of preserving, unimpaired, the position of the Chase Bank in France;
c. The German authorities were anxious to keep the Chase open and indeed took exceptional measures to provide sources of revenue;
d. The German authorities desired "to be friends" with the important American banks because they expected that these banks would be useful after the war as an instrument of German policy in the United States;
e. The Chase, Paris showed itself most anxious to please the German authorities in every possible way. For example, the Chase zealously maintained the account of the German Embassy in Paris, "as every little thing helps" (to maintain the excellent relations between Chase and the German authorities);
f. The whole objective of the Chase policy and operation was to maintain the position of the bank at any cost.
MORGAN AND COMPANY, FRANCE
a. Morgan and Company regarded itself as a French bank, and therefore obligated to observe French banking laws and regulations, whether Nazi-inspired or not; and did actually do so;
b. Morgan and Company was most anxious to preserve the continuity of its house in France, and, in order to achieve this security, worked out a modus vivendi with the German authorities;
c. Morgan and Company had tremendous prestige with the German authorities, and the Germans boasted of the splendid cooperation of Morgan and Company;
d. Morgan continued its prewar relations with the great French industrial and commercial concerns which were working for Germany, including the Renault Works, since confiscated by the French Government, Puegeqt [sic], Citroen, and many others.
e. The power of Morgan and Company in France bears no relation to the small financial resources of the firm, and the enquiry now in progress will be of real value in allowing us for the first time to study the Morgan pattern in Europe and the manner in which Morgan has used its great power;
f. Morgan and Company constantly sought its ends by playing one government against another in the coldest and most unscrupulous manner.
Mr. Jefferson Caffery, U.S. Ambassador to France, has been kept informed of the progress of this investigation and at all times gave me full support and encouragement, in principle and in fact. Indeed, it was Mr. Caffery himself who asked me how the Ford and General Motors subsidiaries in France had acted during the occupation, and expressed the desire that we should look into these companies after the bank investigation was completed.

RECOMMENDATION
I recommend that this investigation, which, for unavoidable reasons, has progressed slowly up to this time, should now be pressed urgently and that additional needed personnel be sent to Paris as soon as possible.4
The full investigation was never undertaken, and no investigation has been made of this presumably treasonable activity down to the present day.

http://en.wikipedia.org/wiki/Morgan,_Grenfell_%26_Co.

Morgan Grenfell & Co

Morgan, Grenfell & Co. was a leading London-based investment bank

History

The bank was founded by the American George Peabody in 1838 as the UK branch of his US bank which subsequently became known as J.P. Morgan & Co.[1] In 1904, Edward Grenfell was made a partner in the firm, and, in 1909, it underwent a change of name to become Morgan, Grenfell and Company. It played a key role in reconstructing Europe in the 1920's and had an extremely effective corporate finance department.[1] J.P. Morgan & Co. divested 33% of its shares in Morgan Grenfell in 1933 and all the remaining shares in 1982.[2]
In 1990 Morgan Grenfell was acquired by Deutsche Bank and was renamed Deutsche Morgan Grenfell.[2] The use of the Morgan Grenfell name was discontinued by Deutsche Bank in 1999.[3]
[edit]Notable current and former employees

[edit]Business
Lord Bicester, former Chairman of Yule Catto & Co.
Lord Catto, former Governor of the Bank of England
Sir John Craven, Non-Executive Director, Reuters
Nicola Horlick, Founder of Bramdean Asset Management
Ian Wace, Founder of Marshall Wace Asset Management
Bob Wigley, Former Chairman, Merrill Lynch Europe, Middle East & Africa
[edit]Politics
Quentin Davies, Minister of State for Defence Equipment and Support
Lord Grenfell former Member of Parliament for the City of London

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http://www.nlpwessex.org/docs/watscarlett.htm

"With the end of the Cold War, MI6's role has fundamentally changed and it now has many more potential targets. Terrorist groups, and so-called 'rogue' states, are now high profile targets. Networks of new agents will be required as intelligence 'needs' constantly shift. Industrial espionage, furthering British trade interests has moved into the area of national interest. Gathering intelligence on friendly governments, obtaining advanced knowledge of their negotiating positions or changes in alliances, are also now ever more important targets for MI6. The Intelligence Services Act 1994 formerly acknowledged its existence.... R6 Industrial, Commercial & Financial. Worked closely with both the Treasury and the Bank of England, as well as Merchant Bankers such as Hill Samuel; Hambro's; Kleinwort Benson; Morgan Grenfell; Brandts; Cootes and the Midland. Solicitors firms such as Slaughter & May were also part of the network of important contacts, along with Thomas Cook; ICI; BP; Shell; Lonrho and RTZ."
The Mechanisms of an Oppressive State - UK Intelligence And Security Report
AFI Research, August 2003