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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Giordano Bruno who wrote (287947)10/31/2010 12:34:39 AM
From: Skeeter BugRead Replies (1) of 306849
 
>>Roland Arnall was the billionaire owner of ACC Capital Holdings, the parent company of Ameriquest.

By the end of 2005 two of Arnall's companies, Ameriquest and Argent, had funded almost $ 75 billion in subprime loans.[5] A major factor of this development was Arnall's origination of the stated income loan, meaning loans were given without verification of income.[6]

In early 2006, the company announced a $325 million settlement with state attorneys general and law enforcement agencies and financial regulators in 49 states and the District of Columbia who had accused Ameriquest of misrepresenting and failing to disclose loan terms, charging excessive loan origination fees and inflating appraisals to qualify borrowers for loans.

On August 1, 2005, Bush nominated Arnall to become the U.S. ambassador to the Netherlands. The Senate approved his nomination on February 9, 2006.<<

BIG Capital criminals who r*pe and pillage america are honored by their puppets.

if a serf did this, they'd be broken and in jail for decades.

BIG Capital? sweet government job and retirement.

tyranny, people.

BIG Capital tyranny.

these criminals have privatized rain water before - and their only regret is that they didn't have america's police state to enforce bechtel's ownership of bolivia's rain water.
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