Why we didn’t apply for the Deutsche Bank Urban Age Award?
PRESS RELEASE FROM SULUKULE STUDIO :
Why we didn’t apply for the Deutsche Bank Urban Age Award?
THOSE WHO CAUSE FORCED EVICTIONS SHOULD NOT GIVE URBAN AWARDS!
As the Sulukule Studio, we didn’t apply for the Urban Age Award, both due to Deutsche Bank’s role in the mortgage crisis, which triggered the current global crisis, and also for its practices of forced evictionsin the USA, after the break-out of the crises.
One of the major actors of global finacial capitalism, Deutche Bank, like all the likes of it, has been in the business of sub-prime mortgage bonds - bonds that were dished out to people with limited purchasing power. It was obvious that this balloon would burst one day, price to be paid by the mortgage owners. Finance opportunists like Deutche Bank, despite knowing what was ahead, carried on with the business in a short-sighted way, a practice that is harshly criticised today even in G20 meetings. Such fecklessness cannot be allowed to hide behind “social responsibility” projects like the Deutsche Bank Urban Age Award.



