Hillarysworld

Members Login
Username 
 
Password 
    Remember Me  
Hillarysworld -> ACORN -> Acorn on Brink of Bankruptcy, Officials Say (NY Times 3/19/10)
Post Info
TOPIC: Acorn on Brink of Bankruptcy, Officials Say (NY Times 3/19/10)
Jen the Michigander


SuperModerator

Status: Offline
Posts: 1788
Date:
Acorn on Brink of Bankruptcy, Officials Say (NY Times 3/19/10)
Permalink  
 

Despite what this article says, I don't think we've seen the last of these folks. They aren't the type who go away quietly.

http://nytimes.com/2010/03/20/us/politics/20acorn.html

The community organizing group Acorn, battered politically from the right and suffering from mismanagement along with a severe loss of government and other funds, is on the verge of filing for bankruptcy, officials of the group said Friday.
Acorn is holding a teleconference this weekend to discuss plans for a bankruptcy filing, two officials of the group said. They asked not to be identified because they were not authorized to speak to the news media.

Over the last six months, at least 15 of the group’s 30 state chapters have disbanded and have no plans of re-forming, Acorn officials said. The California and New York chapters, two of the largest, have severed their ties to the national group and have independently reconstituted themselves with new names. Several other state groups are also re-forming outside the Acorn umbrella, and will not be affected if the national organization files for bankruptcy.

This week, the Maryland chapter announced that it would not reopen its offices, which were shuttered in September in the wake of a widely publicized series of video recordings made by two conservative activists, posing as a prostitute and a pimp, who secretly filmed Acorn workers providing them tax advice. In the videos, Acorn workers told one of the activists, James E. O’Keefe III, how to hide prostitution activities from the authorities and avoid taxes, raising no objections to his proposed criminal activities.

After the activists’ videos came to light and swiftly became fodder for 24-hour cable news coverage, private donations from foundations to Acorn all but evaporated and the federal government quickly distanced itself from the group.

The Census Bureau ended its partnership with the organization for this year’s census, the Internal Revenue Service dropped Acorn from its Voluntary Income Tax Assistance program, and Congress voted to cut off all grants to the group.

__________________

4145952823_2e0edce16f.jpg

Nobody puts THIS baby in the corner!
Sanders


Diamond

Status: Offline
Posts: 4567
Date:
Permalink  
 

Yes Jen. No, we have not seen the last of them.

Bankruptcy only means an "officiated" settlement on creditors. They end up getting a new lease on life with less credit load. So, they will come out ahead in this.


What is really needed is for the U.S. Attorney General's office to really delve deep into what they are doing and whether it is in keeping with their charter. Likelihood of that is quite low.

__________________
Democracy needs defending - SOS Hillary Clinton, Sept 8, 2010
Democracy is more than just elections - SOS Hillary Clinton, Oct 28, 2010

Madam Secretary Blog at ForeignPolicy.com
Project Vote Smart - Stay informed and engaged!
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
Hillarysworld -> ACORN -> Acorn on Brink of Bankruptcy, Officials Say (NY Times 3/19/10)
Tweet this page Post to Digg Post to Del.icio.us


Create your own FREE Forum
Report Abuse 		Powered by ActiveBoard