Thursday, January 27, 2011

Appalling Corporate Greed and Incompetence: Deutsche Bank Screws American Patriot

We are frankly appalled by today's New York Times story on how Deutsche Bank AG first screwed up itself [by hiring incompetent lawyers who didn't bother to learn the law on military mortgages] and then screwed an American patriot, Sergeant James B. Hurley, U.S. Army Reserve and National Guard, by foreclosing on his house and kicking his family out of their home while he was deployed to Iraq.

We are further appalled by the refusal of Deutsche Banke AG and Saxon Mortgage Services to right this wrong. We thank the New York Times for publicizing this injustice. What is really appalling is our certain knowledge that this is not an isolated incident.

Here's our question for the New York Times' Public Editor: How many similar situations did the New York Times review before selecting Sergeant Hurley's for the article?

Update: On March 11, 2011, the New York Times reported that all parties have settled the lawsuit.

Update December 2011: More bad publicity for Deutsche Bank and Chase Bank.

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