Mover Mike

Here’s another Governor in trouble. Where are you Lars Larson?

(Click to enlarge)

Before Massachusetts Governor Deval Patrick was elected, he served in the Clinton Justice Dept. There, he used the anti-discrimination laws in a way that coerced lenders into making risky loans, especially in the areas now witnessing the highest default rates.

Massachusetts Governor Deval Patrick received $360,000 in 2005 for serving as a director of Ameriquest in his own words to “deal with the allegations of predatory lending and to put in place policies that will protect low-income consumers.”

Elected in November 2006, Deval Patrick took the oath of office in January 2007 “as the state’s 71st governor, and the first African-American, presenting himself as a symbol of optimism and change who will restore faith in government after 16 years of Republican rule.”

So, first he coerced lenders like Ameriquest to make loans in risky areas, then went to work for Ameriquest and now those loans are being foreclosed on.

Once his constituants find out why they are losing their homes, assuming the Globe reports it, Gov. Patrick might have trouble in his state getting elected dog-catcher.

Hat tip to Squaring The Boston Globe.

Massachusetts Governor Deval Patrick Sub-prime Mortgages Mover Mike

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Tags: politics //
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