It is really incredible some bad practices done by late Ameriquest. This thing of telling people they had a fixed-rate mortgage when the fixed-rate was only for two years…
http://consumerist.com/consumer/subprime-meltdown/ameriquest-is-dead-298384.php
By the way. The founder and of Ameriquest was Roland Arnall, whom George Bush appointed as US Ambassador to the Netherlands.

This article is really informative and useful. The problem with financial products is definitely the “informational opacity” played by the entities.

http://www.careonecredit.com/Knowledge/credit_card_traps.aspx

Via Digg