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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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From: Mighty_Mezz2/27/2006 9:31:33 PM
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Bush Rewards Predatory Lender With Ambassadorship

Just last month, Ameriquest, the nation’s largest sub-prime mortgage company specializing in financing housing purchases in heavily minority neighborhoods, settled predatory lending allegations by 49 states, agreeing to pay $295 million in restitution and clean up its lending practices.

Days after the settlement, Roland E. Arnall, Ameriquest’s founder and the largest campaign contributor to Bush since 2002, was confirmed to be U.S. ambassador to the Netherlands.

thinkprogress.org
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