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In This Picturesque Village, the Rent Hasn't Been Raised Since 1520

Tenants in German Enclave Pray Daily, For Good Fortune and the Souls of Bankers

By

Mike Esterl

Updated Dec. 26, 2008 11:59 p.m. ET

AUGSBURG, Germany -- Every day, retired florist Rita Wunderle prays for the souls of bankers.

Despite daily headlines about banker-fueled economic crisis and an alleged $50 billion Ponzi scheme, her 145 neighbors pray, too.

Mrs. Wunderle lives in the Fuggerei, a Roman Catholic housing settlement for the poor that Jakob Fugger "The Rich" built in this southern German city nearly 500 years ago. Praying for Mr. Fugger...

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In This Picturesque Village, the Rent Hasn't Been Raised Since 1520

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