Arnold’s 2nd largest donor is
a predator — not the imaginary motion picture creature, but the
real-deal predatory lending beast. Americaquest Mortgage, which has
given more than $1.2 million to Arnold’s committees, is under
investigation by 25 states for allegations of fraudulent lending
practices. Yesterday’s front page Los Angeles Times story details the
impact of their predation on the financial security of borrowers and
the systemic nature of the alleged fraud: "The three plaintiffs contend
in court papers that Ameriquest had an ‘art department’ in a Tampa
office where loan documents were altered. In interviews with The Times,
they’ve shown stacks of what they say are internal Ameriquest files
proving their allegations." ("Doubt Is Cast On Loan Papers," read the
article at: http://www.latimes.com/news/printedition/la-fi-ameriquest28mar28,1,627016.story )
Arnold’s 2nd biggest sugar daddy is stealing from seniors and
impoverished working people and the company’s founder, Roland Arnall,
was the co-chair of Arnold’s recent gala fundraiser in Los Angeles. If
Arnold missed this story, he ought to go back and give it a read. Then
the gov should return Ameriquest’s blood money. Whether or not he needs
anyone else’s money, Arnold certainly doesn’t need cash from a societal
predator.
Read more at: http://www.ArnoldWatch.org
