A friend shared with me these video ads that have apparently been making their way, in a viral form, across the Internet. First time I had seen them, though, and I enjoyed them enough to pass them on to you.
Ironically, the service it advertises — Ameriquest Mortgage — ceased to operate under that name two years ago. So I guess cleverness isn’t everything.
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Ameriquest were a crooked bunch of evil, twisted bastards who lied to their customers. They were the Enron of mortgage companies and deserved to die miserably — which they did, but not before dragging a lot of homeowners down with them. They were a prime example of how laissez faire non-regulation can go terribly wrong.
Yeah, but the ads are cute…
That is just, just so Super Bowl!
Ameriquest was so bad even the Bush Administration’s commerce people had to act. That’s saying something.
See, there’s a lesson here: Don’t judge too quickly. Don’t say, “Hey, the ads are clever; must be a pretty darned good company!”…
These ads were created in the wake of a class-action suit that found the company guilty of illegal and predatory business practices.
Ameriquest was made possible by the larger corruptive forces at FNMA and FMAC.
All those Democrats and a few Republicans sat on those boards and issues false quarterly and false annual reports, claiming huge profits when there were huge losses. Those phony profits resulted in $400,000,000 in bonuses for a bunch of people who donated heavily to Obama, advised him, and many now work in his inner circle, like Rahm Emanuel.
Barney Frank, Chris Dodd, Charlie Wrangel and John Spratt covered it all up.
This mortgage scandal is not like Enron; it is way bigger than Enron.