It's coming on Christmas and Deutsche Bank - America's Foreclosure King - is stepping up evictions of American homeowners whose mortgages ended up in the junk securities sold by Deutsche Bank and its peers on Wall street. Latest target is 103-year old Vita Lee in Atlanta and her 84-year old daughter. But in this case things didn't quite go as planned as officials refused to obey the German banking giant:
Deutsche Bank officials got a bit of a surprise yesterday when a sheriff and moving guys refused to evict a 103-year-old woman from her Atlanta home. The details surrounding the eviction remain unclear, but it's obvious the bank was attempting to foreclose on the centenarian and her 83-year-old daughter for quite some time.
The two elderly women have been fighting the banksters so that they could stay in their house where they have lived for the past 54 years.
Not only that, but the temperature has been dipping below freezing lately and winter is coming quickly. Ms. Lee said that Deutsche Bank was well aware of the problem and still ordered her eviction, which really shows the kind of business it is. Really, who in their right mind would put out two elderly women into the freezing cold just weeks before Christmas?
Score one for human decency in this one. The deputy and moving company have just won untold amounts of good karma for refusing to do the big bank's bidding.
But fighting Deutsche Bank is taking its toll on other homeowners, such as New Yorker Jocelyne Voltaire who spoke to the Occupy Wall Street protesters:
Before addressing the crowd, Jocelyne Voltaire, a homeowner in Queens who came to show her support, could be heard shouting, "I cannot take it anymore. Enough is enough!" "I need to speak!"
The crowd became silent as volunteers led her up to the steps of the home. She spoke about her inability to sleep and eat because she said her lender, Deutsche Bank, wanted to take away her home. Voltaire shared the loss of her son after fighting in Kuwait and Iraq, her new illness, and said she had put down $80,000 on her home after living there for more than two decades.
And so the struggle goes on, as bankers at Deutsche Bank in Frankfurt and New York throw lavish parties to celebrate their record bonuses. The only thing that might put a damper on their holiday cheer were these remarks by President Obama the other day in his major speech on saving the middle class:
The fact is this crisis has left a huge deficit of trust between Main Street and Wall Street. And major banks that were rescued by the taxpayers have an obligation to go the extra mile in helping to close that deficit of trust. At minimum, they should be remedying past mortgage abuses that led to the financial crisis. They should be working to keep responsible homeowners in their home. We’re going to keep pushing them to provide more time for unemployed homeowners to look for work without having to worry about immediately losing their house.
Comments