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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: GuinnessGuy who wrote (112296)	3/17/2008 9:26:22 PM
From: Madharry	Read Replies (1) \| Respond to of 132070

i remember clearly Spitzer calling into CNBC a couple of months ago and specifically saying that he was stayed from investigating the institutions making these loans in New York because a federal regulatory agency was conducting their own investigation and that had precedence over his. I believe he said it was Office of the Comptroller of the Currency but I cant swear to it. Some how the whole spitzer affair reminds me a little of "the firm".

To: GuinnessGuy who wrote (112296)	3/17/2008 9:59:23 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 132070

This was nearly three years ago so you do the math. Bush Picks Ameriquest Owner as Ambassador Firm's Lending Tactics Investigated By Kirstin Downey Washington Post Staff Writer Friday, July 29, 2005; Page D01 On the same day that the White House announced that President Bush is nominating California billionaire Roland E. Arnall to be ambassador to the Netherlands, the company he controls said it would set aside $325 million for a possible settlement of allegations of predatory lending tactics. Arnall's company, Ameriquest Mortgage Co., is being investigated by regulators in 30 states. A $325 million settlement would be one of the largest ever in a predatory lending case.