From Broken Windows to Bulldozers: Governing Urban Decay in Post-Crisis America October 2015
Adam Tooze, Columbia
For their generous encouragement and feedback I would like to thank Grey Anderson, Dana Conley, Bernard Harcourt, Jeremy Kessler, Tim Shenk, Paul Solman
On 10 January 2008 the Cleveland Housing Renewal Project, soon to be joined by the city of Cleveland itself, brought suit against Deutsche Bank and a cluster of other big banks for failing to maintain post-foreclosure homes. As the Sixth Circuit Court of Appeals summarized the case in September 2010, Deutsche Bank was alleged to own twenty-five decayed properties in Cleveland that were a ‘public nuisance’, ‘being a menace to the public health, welfare and safety’.