Tuesday, June 07, 2011

Deutsche Bank Financing Adolf Hitler & Nazi Party Since 1933 German Elections, Deutsche Bank Now Foreclosing on US Soldiers Deployed in Iraq and Afghanistan.

The Ever Growing Cases Against Deutsche Bank; In the summer 2005, U.S. Army Sgt. James Hurley, serving in the military in Iraq, suddenly found it difficult to reach his wife back home in Michigan. For four days straight, he called and got a troubling message that the line had been disconnected. Eventually, Hurley tracked her down through his uncle. When he talked to her, he learned that their home had been foreclosed and they were kicked out.

Deutsche Bank purchased the Hurley property at a illegal nonjudicial foreclosure sale in October 2004. Deutsche Bank was the plaintiff in the eviction proceeding of Hurley’s family, and Deutsche Bank also was the vendor when Hurley’s property was illegally sold to the third-party purchaser.

Sgt. Hurley lost his home in 2004 when Deutsche bank foreclosed on his house after he received active-duty orders. A sheriff’s sale was held in which  Deutsche bank bought the property, then sold it to another person. Later, after Hurley had deployed to Iraq, Hurley’s wife and two toddlers were evicted. He later sued Deutsche Bank Trust for violation of his SCRA rights, and won. Details of the Deutsche Bank settlement were not available, but “the Hurleys are well pleased.”

The U.S. government sued Deutsche Bank AG for more than $1 billion in May 2011, accusing the German bank of fraud for repeatedly lying to obtain federal guarantees on mortgages it issued. According to the lawsuit, Deutsche Bank and its MortgageIT Inc unit misled the Federal Housing Administration, the world’s largest mortgage insurer, into believing their mortgages qualified for federal insurance, knowing they could make “substantial profits” when the loans were later sold. The case is U.S. v. Deutsche Bank AG et al, U.S. District Court, Southern District of New York, No. 11-02976.

In fact, the US government said, the loan quality was so poor that nearly one in three mortgages defaulted, a percentage elevated by Deutsche Bank’s “dysfunctional” quality control. The complaint, filed in U.S. District Court in Manhattan on Tuesday May 3rd, marks the latest government push to hold the mortgage industry responsible for excesses that contributed to a 4-year-old housing slump and millions of foreclosures.

Deutsche Bank Financing Adolf Hitler & Nazi party in the March 1933 General Election in Germany; In May 1932 the so-called "Kaiserhof Meeting" took place between Schmitz of I.G. Farben, Max Ilgner of American I.G. Farben, Kiep of Hamburg-America Line, and Diem of the German Potash Trust. More than 500,000 marks was raised at this meeting and deposited to the credit of Rudolf Hess in the Deutsche Bank.

Deutsche Bank the bank’s involvement with the Third Reich and the behavior of one of Germany’s most controversial businessmen, Hermann Josef Abs, a leader of Deutsche Bank before and after World War II. Abs is a key figure, for he exemplifies the motivation and behavior of many German businessmen during this period.

Deutsche Bank was one of the main financers of the Third Reich, a role from which it reaped huge profits. Both the Nazi Party and the SS were its beneficiaries, as well as the military industries. During the Reich, the bank's director Hermann Josef Abs was also the head of IG Farben's board, which mass produced Zyclon B gas pellets used to murder thousands of Jews.

Deutsche Bank profited both from forced labor and from giving the Nazis a million-Mark credit for building Auschwitz. The OMGUS Report noted that Deutsche Bank also financed an IG Farben factory with $250 million (1947 currency). During the reparation proceedings, the bank also sold over 300 kilograms of gold whose origin was never completely disclosed, and transferred the profit to Jewish organizations.

Thousands of Jews die in Nazi gas chambers, IG Farber(funded by Deutsche Bank), sets up factory;  On May 21 in 1942, 4,300 Jews are deported from the Polish town of Chelm to the Nazi extermination camp at Sobibor, where all are gassed to death. On the same day, the German firm IG Farben sets up a factory just outside Auschwitz, in order to take advantage of Jewish slave laborers from the Auschwitz concentration camps.

IG Farben (funded by Deutsche Bank), as well as exploiting Jewish slave labor for its oil and rubber production, also performed drug experiments on inmates. Tens of thousands of prisoners would ultimately die because of brutal work conditions and the savagery of the guards. Several of the firm's officials would be convicted of "plunder," "spoliation of property," "imposing slave labor," and "inhumane treatment" of civilians and POWs after the war. The company itself came under Allied control. The original goal was to dismantle its industries, which also included the manufacture of chemicals and pharmaceuticals, so as to prevent it from ever posing a threat "to Germany's neighbors or to world peace."

Bill Warner Private Investigator Sarasota FL www.wbipi.com