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Europe
Dutch make plea over new US ambassador
2005-10-26
From the Rantburg Diplomacy Desk:
Dutch Foreign Minister Bernard Bot has called on the United States to appoint a new ambassador to the Netherlands as soon as possible. Bot called on US Secretary of State, Condoleeza Rice, not to let decision-making regarding the appointment drag on, according to reports in Dutch newspapers NOS and the Telegraaf.

The man the US has nominated for the role, Roland Arnall, is under a cloud following accusations levelled at the company he founded, Ameriquest. Arnall is a major shareholder in the company. Ameriquest, the biggest sub-prime lending company in the US, has been accused of unfair practices when it comes to lending to borrowers with weak credit, according to the LA Times. Ameriquest has put aside USD 325 million to settle the case with claimants, but so far no agreement has been reached. Some US senators have called on the nomination to be postponed until such an agreement is made.

Bot said he understood the home situation but that since the Netherlands and the United States work closely together in so many areas, it is important to have an ambassador present in the Netherlands.
This post not really related to the WoT other than that it shows the attention and engagement of the US is still important in the global community. Holland has been a good ally to the US in Afghanistan/Iraq, and even sent a bunch of supplies and levee engineers to New Orleans last year. I certainly hope the Ambassador's post is filled quickly and honorably.
Posted by:Seafarious

#8  so, turned down by the big banks, they should STFU and rot? My take is they know they have had problems, know the risks, and are willing or needful enough to take the higher rates. Caveat Emptor and let them have their business. Nanny statism doesn't fly, or do you have a REAL alternative? Enforced interest rates, comrade?
Posted by: Frank G   2005-10-26 21:31  

#7  that was me...2b
Posted by: 2b   2005-10-26 20:18  

#6  Damn! Is that what a sub-prime is? I thought it was an invitation to borrow with the big boys.

And yes. I am insulted. I say Good Day!
Posted by: Shipman   2005-10-26 17:55  

#5  Then make a law.
Posted by: Slinetle Elmomosh1275   2005-10-26 17:27  

#4  It's not the same. It's a business whose sole purpose is to encourage people to borrow money that any lender can see that they will have problems being able to pay back. Then they have a machine in place to foreclose on their homes.

Maybe you think that's cool, I don't.
Posted by: 2b   2005-10-26 17:18  

#3  Yeah, sub-prime borrowers like the poor and uneducated shouldn't be allowed to borrow money from sub-prime lenders like Ameriquest.

Let's make Ben or Jerry ambassador. They just sell high fat confections that cause tooth decay.
Posted by: Gromomp Thomorong7174   2005-10-26 17:13  

#2  Good. Those sub-prime lenders are subprime. It's outrageous that they businesses are allowed to prey on the poor and uneducated. Little more than loan sharks.

Take away his position and give it to someone worthy of representing the US.
Posted by: 2b   2005-10-26 17:05  

#1  you mean not by some idiot lackey of W's
Posted by: bk   2005-10-26 09:44  

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