Skip to comments.Los Angeles sues “slumlord” Deutsche Bank
Posted on 04/25/2013 9:24:36 PM PDT by Olog-hai
Deutsche Bank, Germanys largest, will face legal action in Los Angeles after a US court denied the banks bid to dismiss a case claiming it let hundreds of properties fall into disrepair and illegally evicted tenants.
Slamming the bank as a slumlord, Los Angeles accused it of illegally evicting low-income tenants to sell houses off at a higher price, letting empty properties fall into disrepair and failing to maintain those being lived in, the website of Der Spiegel magazine reported on Thursday.
(Excerpt) Read more at thelocal.de ...
Isn’t Los Angeles run by a “former” LaRaza/Azatlan Marxist community organizer? So someone is surprised at this social justice nonsense?
Doesn’t make sense as reported. Letting houses fall into disrepair doth not result in higher market sales prices. Anywhere. Even in the very unreal LaLaLand
Something tells me that this case will reveal more about LA than it will about Deutsche Bank.
In other words, in view of the Los Angeles statutory disincentives to keep up property, they didn’t. And they kicked out tenants who didn’t pay their rent.
That’s a “slumlord” these days.
In former times, the same people were called businessmen.
Cash grab. All the histrionics are to impress the gullible.
Douchebank — Ameriquest/Argent Mortage’s primary warehouse lender.
>>Isnt Los Angeles run by a former LaRaza/Azatlan Marxist community organizer?
Uhuh. Another one of Roland Arnall’s political prostitutes.
“Now, Villaraigosa has written a letter supporting President Bushs nomination of the companys principal owner, Roland E. Arnall, as ambassador to the Netherlands.”