Mega-Squaliforme Ameriquest's parent company has cut thousands of Ameriquest employees and closed its retail office storefront lending operations.
That's the good news. Hundreds of thousands of consumers are in slightly less danger for the time being.
The bad news is there are now at least a thousand ex-Ameriquest loan agents who may start showing up at the doorsteps of other, less unscrupulous lenders. It will be interesting to see what companies are willing to jepoardize their own already-dubious reputations by letting some of these people stay in the lending industry.
'Round here, any former Ameriquest employee is not to be trusted, let alone hired. After all, you have to be really flexible in terms of moral turpitude to stay working for a Squaliforme of that magnitude.
The Honorable Judge Roy Bean
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