Sunday, January 30, 2011
Deutsche Bank’s Role in Mass Murder at Auschwitz; Hermann Abs, post-war Germany’s most powerful banker, had prospered in the Third Reich. Dapper, elegant and diplomatic, Abs joined the board of Deutsche Bank, Germany’s biggest bank, in 1937. As the Nazi empire expanded, Deutsche Bank enthusiastically ‘Aryanised’ Austrian and Czechoslovak banks that were owned by Jews.
By 1942, Abs held 40 directorships, a quarter of which were in countries occupied by the Nazis. Many of these Aryanised companies used slave labour and by 1943 Deutsche Bank’s wealth had quadrupled. Abs also sat on the supervisory board of I.G. Farben, as Deutsche Bank’s representative. I.G. Farben was one of Nazi Germany’s most powerful companies, formed out of a union of BASF, Bayer, Hoechst and subsidiaries in the Twenties.
It was so deeply entwined with the SS and the Nazis that it ran its own slave labour camp at Auschwitz, known as Auschwitz III, where tens of thousands of Jews and other prisoners died producing artificial rubber. When they could work no longer, or were verbraucht (used up) in the Nazis’ chilling term, they were moved to Birkenau. There they were gassed using Zyklon B, the patent for which was owned by I.G. Farben. But like all good businessmen, I.G. Farben’s bosses hedged their bets.
BBC NEWS…Rabbi Marvin Heir, a founder of the Wiesenthal Centre, said that Germany’s largest bank, Deutsche Bank had made large contributions to Adolf Hitler’s private fund used to support the dictator’s pet projects. Deutsche Bank, along with German competitor Dresdner Bank, already face $18bn lawsuits accusing them of profiting from gold and other assets stolen from concentration camp victims during World War II. A 1946 investigation by the US military that recommended Deutsche Bank be liquidated and its top officials tried as war criminals. The bank has denied a central claim in that 1946 report that it was as guilty of using slave labourers in the industrial enterprises it controlled.
The head of Deutsche Bank’s historical institute, Manfred Pohl, said newly-disclosed documents showed Deutsche Bank had links with firms that built the Auschwitz camp. Deutsche Bank also had credit links to one company that made incineration units and funded another whose subsidiary made the Zyklon B gas used in the Auschwitz camp. Asked if it was clear whether Deutsche Bank officials had known that the money was being used to fund the concentration camp, Mr Pohl said bank officials in Katowice had been aware of these facts. “It is clear that this was known as high up at the Deutsche Bank main office in Katowice. It is not certain whether it was known in Berlin,” Mr Pohl told a news conference, adding that the loan would have had to have approval from Berlin to go ahead.
During the war the company had financed Ludwig Erhard’s research. After the war, 24 I.G. Farben executives were indicted for war crimes over Auschwitz III - but only twelve of the 24 were found guilty and sentenced to prison terms ranging from one-and-a-half to eight years. I.G. Farben got away with mass murder. Abs was one of the most important figures in Germany’s post-war reconstruction. It was largely thanks to him that, just as the Red House Report exhorted, a ‘strong German empire’ was indeed rebuilt, one which formed the basis of today’s European Union.
Abs was put in charge of allocating Marshall Aid – reconstruction funds – to German industry. By 1948 he was effectively managing Germany’s economic recovery. Crucially, Abs was also a member of the European League for Economic Co-operation, an elite intellectual pressure group set up in 1946. The league was dedicated to the establishment of a common market, the precursor of the European Union.
Its members included industrialists and financiers and it developed policies that are strikingly familiar today – on monetary integration and common transport, energy and welfare systems. When Konrad Adenauer, the first Chancellor of West Germany, took power in 1949, Abs was his most important financial adviser. Behind the scenes Abs was working hard for Deutsche Bank to be allowed to reconstitute itself after decentralisation. In 1957 he succeeded and he returned to his former employer.
NYT..FRANKFURT— Historians combing through Deutsche Bank AG archives have found evidence that the biggest German bank helped finance construction of the Auschwitz death camp, the chief historian of the bank said. Manfred Pohl, director of the bank’s historical institute, said it was the first time that Deutsche Bank had been linked to the financing of companies that built the Nazi death camp. Other recently unearthed documents showed that the bank serviced accounts for the Gestapo, the Nazi secret police, which deposited proceeds from auctions of property confiscated from deported Jews into Deutsche bank.
Mr. Pohl said the bank’s archivists had found detailed loan records to construction companies that built facilities for “Waffen-SS Auschwitz,” the camp’s security police. They also found records of loans by Deutsche Bank to companies for the construction of the IG Farben chemicals plant adjacent to Auschwitz. The revelations follow heightened scrutiny in the United States of the Nazi-era past of Deutsche Bank after it announced plans in 1998 to acquire Bankers Trust Corp., the eighth-largest U.S. bank.
Deutsche Bank’s Role in the Foreclosure Crisis; Deutsche Bank Foreclosure Processes Are As Bogus As Lending Practices That Fed The Housing Bubble, Deutsche Bank Main Financer Of Nazi Party. Jan. 28, 2011, 12:08 p.m. EST, Deutsche Bank accepted and bundled ‘deficient’ loans. Mortgages rejected by due-diligence firm were lumped in, crisis panel says. WASHINGTON (MarketWatch) — Big banks such as Deutsche Bank accepted substandard loans to package into securities during the buildup to the financial crisis, even though a due-diligence service they hired to examine the loans rejected many of them as “deficient,” according to a crisis fact-finding panel.
The Financial Crisis Inquiry Commission on Thursday released a widely anticipated report on the causes of the 2008 economic meltdown. The panel focused a section of its study on a sample of 911,039 mortgages analyzed by Clayton Holdings — a provider of due-diligence services for large financial institutions based in Connecticut — during the 18 months ending June 30, 2007. The report examined a sample of loans at Citigroup Inc. , Credit Suisse Group, Deutsche Bank AG, Goldman Sachs Group Inc., J.P. Morgan Chase & Co., Lehman Brothers Holdings Inc., Merrill Lynch (now owned by Bank of America Corp.), UBS AG and Washington Mutual.
Judge: Deutsche Bank does “crappy work” on US foreclosures. Deutsche Bank, however, America’s Foreclosure King, is pressing on in its efforts to evict tens of thousands Americans from their homes, even though the bank’s awful documentation practices are being increasingly challenged in court. One judge in Brooklyn is fed up with Deutsche Banks “crappy work”: Judge Schack – the scourge of numerous banks and poorly prepared attorneys — has thrown out dozens of foreclosure applications … I’m not the creator of this mess,” he complained. The mess, he said, is in the recording and assignment of mortgage sales. Often people with physical control of a mortgage agreement come to his courtroom, he noted, but don’t have clear title to the property. “It’s not my fault. I’m not the bank. Ask Chase Manhattan. Ask Deutsche Bank. Ask Bank of New York. Ask Wells Fargo. I don’t know why they do crappy work,” said the judge.
My Lawsuit with Deutsche Bank AG; PLAINTIFF William Warner is seeking damages of $5,000,000 from defendant DEUTSCHE BANK NATIONAL TRUST COMPANY. Defendant Deutsche Bank National Trust Company (formerly Bankers Trust Co of Florida N.A.) is a Delaware Corporation with offices in Miami Fl and operates in the State of Florida, the home office for DEUTSCHE BANK AG is Theodor-Heuss-Allee 70, 60486 Frankfurt AM MAIN Germany with Regional office for DEUTSCHE BANK AG, 60 Wall Street New York NY 10005 USA, no other regional address is listed in the USA.
From a search of the Florida Division of Corporations records it is learned that Deutsche Bank National Trust Company purchased Bankers Trust Co of Florida N.A. in 2002 and the name was changed to Deutsche Bank Florida N.A., the name was changed again to Deutsche Bank Trust Company Americas (in Florida), this is an active Florida Foreign Corporation with the principal address as 60 Wall Street NYC60-4006 New York NY 10005.
The attroney for DEUTSCHE BANK NATIONAL TRUST COMPANY is St Pete Fl lawyer KIMBERLY J GUSTAFSON. A 1946 investigation by the US military recommended that Deutsche Bank be liquidated and its top officials tried as war criminals. Deutsche Bank had credit links to one company that made incineration units and funded another whose subsidiary made the Zyklon B gas used in the Auschwitz camp.
|1/21/2011||MOTION- PLAINTIFF SEEKS SUMMARY JUDGEMENT|
|12/27/2010||COURT APPEARANCE FORM, DEFENDANT’S MOTION TO DISMISS…DENIED|
Deutsche Bank has blood on it’s hands as it profited from the activites of Nazi Party and the SS and Deutsche Bank is one of the driving forces in the current foreclosure crisis in the U.S.. It was at the Auschwitz concentration camp that I.G. Farben of whom Deutsche Bank director Hermann Josef Abs was also the head of IG Farben’s board, had its Zyklon B Degesch Division, which manufactured a commercial form of deadly hydrocyanic acid, which became active on contact with air. It was used in the Auschwitz concentration camp beginning in the summer of 1941 where the poison gas was used for mass executions of prisoners too sick to work.
Bill Warner Private Investigator, SEX, CRIME, CHEATERS & TERRORISM