17.05.2011 - 07:41 [ Los Angeles Times ]

The U.S.: Where Europe comes to slum

Its leading companies are investing in the U.S. because they can do things here they would never think of doing at home.
The newest slumlord in Los Angeles is a pillar of German capitalism. Earlier this month, the city attorney‘s office filed suit against Deutsche Bank, the world‘s fourth-largest bank, for letting many of the more than 2,000 L.A. homes it has foreclosed on descend into squalor and decay.