Still Waiting
Jul 30th, 2005 at 11:13 am by Susie
Even one. If he can make even ONE appointment I respect, I’ll eat my hat:
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. [...]
Arnall is the firm’s principal shareholder. He, his wife and their companies have been the biggest political contributors to Bush since 2002.
It’s not the donations and close friendship I disrespect, but the possible corruption. Ambassadors are often rich cronies of the President. In fact, that often makes them more credible in their role (as long as they listen to the pros on how to use their mojo).
As far as the corruption allegations, why that’s just a prerequisite for promotion in this Administration.