Andrew Hall, The $100 Million Citi Trader Is Lucky To Have His Medieval Castle

This is Derneburg, the German castle owned by the Citigroup trader battling the Obama "pay czar" to keep his $100 million bonus.

The first to settle there were canons regular of St. Augustine who established an abbey or canonry at Derneburg in 1143. In 1213 it became an Augustine women's canonry when the Bishop of Hildesheim settled canonesses regular there from the nearby abbey in Holle. Derneburg began to flourish and its endowments and properties grew rapidly. The abbey took over the neighboring village of Astenbeck (whose own history dates to 826) and many others in its vicinity. But in time the very success of the Derneburg abbey became its downfall. The Augustine sisters, perhaps enamored of their economic success, were taking an increasingly liberal interpretation of their religious obligations (and those of the Augustines were already more relaxed than the ones of other orders). By the beginning of the 14th century their reputations started to suffer, endowments declined as did the fortunes of the abbey. By the beginning of the 15th century the sisters were paying scant regard to their holy duties and the reformer, Provost Johanes Busch became so scandalized by the situation at Derneburg that he tried to get the sisters evicted. This in turn led to an attempt on his life, suspicion for which fell on the sisters. In 1443, Busch's successor, Heinrich Barnten, Abbot of Marienrode had the Augustine sisters literally carted out of Derneburg.