Thread: Bank of America Cuts ACORN Ties

Bank of America Pulls Back From ACORN Work

Fox News
September 28, 2009

In response to questions from The Wall Street Journal, a spokesman for the banking company said it has "suspended current commitments" to ACORN Housing, an affiliated group, and "will not enter into any further agreements with ACORN or any of its affiliates," pending assessments by the bank of the organization's operations.

Already facing the loss of federal government funding, the community-organizing group ACORN also has run afoul of one of its big corporate partners, Bank of America Corp.

In response to questions from The Wall Street Journal, a spokesman for the banking company said it has "suspended current commitments" to ACORN Housing, an affiliated group, and "will not enter into any further agreements with ACORN or any of its affiliates," pending assessments by the bank of the organization's operations.

ACORN, officially the Association of Community Organizations for Reform Now, has been under fire since the recent release of secretly recorded videos that showed Acorn employees offering advice on evading taxes, setting up brothels and smuggling illegal immigrants.

The News Hub panel discusses Bank of America's retreat from Acorn, the government's newly-announced $35 billion aid package to homeowners and signs of life in the corporate profits.

ACORN has called the actions unacceptable and has fired the workers involved. Last week, ACORN said it has selected Scott Harshbarger, a former Massachusetts attorney general, to investigate any wrongdoing at the organization.

ACORN Housing for years has worked with Bank of America and some other big banks on foreclosure-prevention efforts.

"Bank of America takes recent allegations made against ACORN and ACORN Housing Corporation employees very seriously," the bank said in a statement.

http://www.foxnews.com/politics/2009/09 ... corn-work/

This is actually good news.

Remember, none of these banks voluntarily entered into agreements with ACORN.......their "cooperation" was coerced and extorted by community organizers.......of which obama was one.....who stormed into their businesses creating wild scenes which chased customers out, litigated them into submission, and used "friends in low places" to pass legislation guaranteeing they would be driven out of business if they didn't go along with the "social justice agenda".

For all of these banks, and corporations, which have been held hostage to individuals and groups under the ACORN umbrella, this exposure has been just the out they've needed for many years now.

I don't know about anyone else but I'm rather looking forward to funding being yanked out from under ALL of them because this ACORN housing exposure is just the tip of the iceberg and I sense the end of the endless supply of money enjoyed by the arm twisting special interests for far too long.