Ameriquest Capital founder Roland Arnall was nominated by President George W. Bush late last month as U.S. ambassador to the Netherlands. Bush's announcement came on the same day Arnall's subprime lending company - the largest privately held mortgage company in the U.S. - announced it had set aside $325 million toward a possible settlement of predatory lending allegations in 30 states (see ASR 7/25/05).

 

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