Los Angeles City Attorney Carmen Trutanich has filed a second lawsuit against a major bank for consequences of the foreclosure crisis. First it was Deutsche Bank of Germany; now it's US Bank of Minneapolis, a major player here in LA. US Bank is accused of letting 150 foreclosed homes to fall into disrepair, creating blight in their neighborhoods, including drug dealing and prostitution.
Banks Pay for Blight Caused by Foreclosures?
Credits
Guests:
- Carmen Trutanich - Los Angeles City Attorney - @CarmenTrutanich
- Peter Kuhns - Alliance of Californians for Community Empowerment
- Stuart Gabriel - UCLA's Ziman Center for Real Estate - @uclaanderson