Deutsche Bank update

Here's the latest from Deutsche Bank.

Deutsche Bank to Cut 35,000 Jobs Under New Strategy

OYE Comment.  This is the same Deutsche Bank that foreclosed on a Servicemember, and threw his family out of their house, in violation of law, while he was deployed to Iraq.

Thank you.

9/11/2001 + 10: Support Our Troops: Enlist!

The 9/11 10th Anniversary press releases are hitting the streets, with a wide variety of organizations strongly supporting victory in the global war on terrorism.

In addition to the standard boilerplate about Supporting Our Troops, however, any organization - of any nature - needs to address these obvious questions in its public statements:

-- Consistent with its mission, is your organization doing everything it can to Support Our Troops? If not, why bother with mere platitudes?

-- Have you encouraged your members at least to consider volunteering for military service [if personally eligible]?

-- Have you urged your members, not personally eligible to serve, to encourage their eligible relatives and friends, their circles of influence, at least to consider serving in our military?

-- If you are a business, are you treating our servicemembers and their families fairly, both during a deployment, and later? To the maximum extent possible, are you trying to cut them some slack, if they need it? If not, you need to fix this - pronto. Please stay quiet until you have.

-- If you work in government, do you have an appropriately senior [i.e., empowered] person directly assisting those affected by a combat deployment or, worse, casualties? [We do.]

-- Are you looking out for recent veterans, who actually answered our nation's call, now that they're back home, undoubtedly different from who they were when they deployed? Do you recognize their needs, including, as appropriate, tough love, as they return to civilian life following honorable service to our nation?

And we have questions for the American people:

-- Do you personally know any enlisted servicemembers or junior officers [those most at risk in combat] or recent veterans? If not, does that bother you? It should.

-- Even if you don't personally know anyone, are you doing everything you can to make things better for them, according to your walk of life? [Again we thank Sen. Joe Lieberman [I-CT] for leading the Senate in repealing "Don't Ask, Don't Tell.]

-- Finally, if you are a healthy male 17-34, please at least consider serving in our military. It will change your life.

Thank you.

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.