|Henry Potter - Evil Banker|
Judging from the article in the Los Angeles Times, Trutanich says the bank foreclosed on the properties and then effectively became a slumlord. What are the signs of that? Well, the houses are run down, there's graffiti, there's prostitution, squatters, gang members and other criminals.
And we're supposed to believe that's the BANK's fault? Are you kidding me?
As for the condition of the homes, does anyone really believe they were properly maintained BEFORE the bank foreclosed? Take a look at the picture in the article. This stuff does not happen overnight. We're talking at least a decade of deferred maintenance.
And, more importantly, as for graffiti, prostitution, squatters, gang members and other criminals, remind me: Whose job is it to fight those ills? Is it the bank's job? Or is it THE CITY ATTORNEY'S JOB?
Trutanich, in his bid to run for District Attorney, is trying to gin up publicity and distract attention from his and the City's failure to enforce our laws. Blame the deep pocket. No one's going to feel sympathy for a German bank, right?
Does Trutanich care about run-down neighborhoods, graffiti, etc.? Judging from his prior actions, no. Remember the people in Venice who dumped poop out of their RV along the street? Trutanich and his office did nothing until local radio talk show hosts made a fuss over it. And even then, the punishment was trivial: two days in jail after dumping their number two not once, but twice.
Oh, and is anyone mentioning the law the geniuses in the City of Los Angeles passed that requires a bank to PAY tenants thousands of dollars to vacate a house after foreclosure? I'm sure the bank would prefer to evict the people and try to re-sell the houses. But the City has, in effect, forced banks to pay extra merely to exercise the property rights they would otherwise have.
Well, this is another warning to businesses thinking of investing in or moving to Los Angeles: STAY OUT. You can't win here unless you happen to have contributed to the career politicians, in which case they'll give you subsidies and immunity.
The City Attorney's Office is supposed to enforce the law and promote the public interest, not function as a profit-center by filing dubious "shake-down" lawsuits against deep pockets merely because they are deep pockets.