Monday, September 28, 2009

Bank of America no longer bank of ACORN

Wall Street Journal is reporting this AM that uber-bank, B of A is not going to play with ACORN Housing, a subsidiary of ACORN:

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.

This could be window dressing - they have that great caveat of "pending assessments..." And with John Podesta doing the "internal review" of ACORN, I'm betting not much will be found. But it sure is nice to see ACORN getting the press and scrutiny it deserves. It is, at its core, a criminal enterprise and needs to be shuttered.

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