Ameriquest ads everywhere on TV? No more. Disappeared overnight. ... Why?

[Bozita]

Does your generation need a new kind of financial advisor?

Ameriquest

I think I know the reason for the disappearance.

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/01/24/BUGV8GRU8F1.DTL&feed=rss.business

Millions to settle loan abuse
- Kathleen Pender
Tuesday, January 24, 2006


Ameriquest Mortgage, the nation's largest subprime mortgage company, settled predatory lending allegations by 49 states on Monday, agreeing to pay $295 million in restitution and clean up its lending practices.

The agreement, which included an additional $30 million to reimburse states for their legal fees, was the second-largest predatory lending settlement, after a $484 million agreement reached in 2002 with Household Finance Corp.

The privately held company acknowledged no wrongdoing.

Based in Orange County, Ameriquest has spent millions of dollars crafting a brand image and buying political influence. It sponsored last year's Rolling Stones tour and Super Bowl halftime show.

Roland Arnall, its founder and principal shareholder, has donated millions to President Bush, Gov. Arnold Schwarzenegger and many other elected officials from both parties.

Last year, Bush nominated Arnall to be U.S. ambassador to the Netherlands, but his confirmation stalled in the Senate Finance Committee pending settlement of state investigations into Ameriquest's lending practices.

The agreement should clear the way for Arnall's confirmation.

more...

[sam sarrha]

1. that hasnt slowed down Ditec (spl)

[bliss_eternal]

2. So now it comes out!

:rofl:

Quote:
Roland Arnall, its founder and principal shareholder, has donated millions to President Bush, Gov. Arnold Schwarzenegger and many other elected officials from both parties.

I hope this company loses it's shirt and takes gov. musclehead down with it.

[rumpel]

3. He is the largest individual donor according to open secrets

[f-bush]

4. Because they are a bunch of sleaze ball slimy bastards

that suck off of the misfortune of others.

[Bozita]

5. kick

[librechik]

6. they settled yesterday;now time to change the name of the business

to wash away the taint--they'll have to spring for a new identity and ad campaign.