COMMENTARY
The evidence seems to suggest that the high command in the banking system is still in deep denial. They still seem to think that computers and robo-signing will get them out of the mess that they have gotten themselves into.

I am particular bothered by all of this because of the misinformation I was given in my own dealing with the banks. I accepted all sorts of answers that are now clearly nothing more than planned misinformation covering up the reality that they were already ... late 1990s ... already out of control in their mortgage management practices. It is disgusting at a personal level.

But more important is the increased understanding I now have of the abysmal control practices of the banks, and the realization that the top management has absolutely no idea how deep the problems are in their complex assets. My guess is that there is more balance sheet damage to come in almost all of the big complex banks and financial institutions.
Peter Burgess

Movers And Sheriff’s Deputies Refuse Bank’s Order To Evict 103-Year-Old Atlanta Woman

IMAGE 103-year-old Vita Lee. (Photo credit: WSB TV)

Yesterday, a Deutsche Bank branch in Atlanta had requested the eviction of Vita Lee, a 103-year-old Atlanta woman, and her 83-year-old daughter. Both were terrified of being removed from their home of 53 years and had no idea where they’d go next.

But when the movers hired by the bank and police were dispatched to evict the two women, they had a change of heart. In a huge victory for the 99 Percent, the movers “took one look at” Lee and decided not to go through with it. Watch WSB TV’s Channel 2′s video report about the incident:

The stress of the possible eviction made Lee’s daughter ill; she was rushed to the hospital the same day. Lee had one message for Deutsche Bank: “Please don’t come in and disturb me no more. When I’m gone you all can come back and do whatever they want to.”

UPDATE

Chase bank, which services the loan on Hall’s house, has now announced that it will no longer try to evict her and will work out a deal to let her stay in her home. Read more about it and Hall’s reaction here.