Corporations that have given ACORN millions of dollars over the years are now cancelling their donations in the wake of videotape revelations of employees of the infamous community organization giving advice on mortgage fraud, tax evasion, prostitution, and child sex slavery.
Bank of America is reviewing its grant program, while Citigroup is waiting for results of official investigations in the scandal. JP Morgan Chase had previously ended its relationship with ACORN, the Association of Community Organizations for Reform Now.
Banks and other financial institutions have given millions of dollars and other forms of support to ACORN for decades in response to boycott threats from the organization, as well as accusations of racism and other forms of discrimination in granting personal loans and mortgages.
The ACORN campaigns followed passage of the 1977 Community Reinvestment Act (CRA), which was designed to pressure financial institutions to loosen lending standards in order to increase home ownership among poor and minority communities. Legislation strengthening CRA during the Clinton administration greatly encouraged such ACORN activities.
I say we keep beating on them, beating on them, beating on them until their blood runs in the streets. However, watching them starve to death would also be rewarding. How you want to do your part is up to you.
Jacobson, president and founder of Maverick Strategies, said banks could risk legal action from unhappy shareholders if managers do not sever financial ties with ACORN.
So you may just want to write letters to every financial institution with which you have business dealing and say, "Don't give these ACORN freaks any more money. They are perverts and criminals. Their public image is at an all time low. Time to find a new charity to support. Or else we will take our business elsewhere." Maybe we should do this as an Organized Community?
I personally favor beating to death quickly. Don't like to see suffering.
ReplyDelete