Posted on 03/20/2010 4:18:02 AM PDT by Sub-Driver
Acorn on Brink of Bankruptcy, Officials Say By IAN URBINA
BALTIMORE 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 groups 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. OKeefe III, how to hide prostitution activities from the authorities and avoid taxes, raising no objections to his proposed criminal activities.
(Excerpt) Read more at nytimes.com ...
Thanks for the ping.
"By the time the scandal over the videotaped employees erupted, he was already done with Acorn, he said, and he now believes it needs to reinvent itself with a new mission and a new name."
This guy needs not to worry. That's exactly what leftists do anytime they are exposed to the point of not "progressing" - they continue the same behavior under a new name or euphemism.
An ACORN by any other name produces the same. Leftist activists don't just stop being leftists activists.
So what will the new name and the new money for them be?
:’) Thanks Clintonfatigued.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.