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BofA Severs Ties With ACORN

ACORN Housing advocated for homeowners facing foreclosure

By Harry Kimball,  Newser Staff

Posted Sep 28, 2009 9:08 AM CDT
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(Newser) – Bank of America has cut off ties with ACORN’s housing assistance arm following revelations that employees of the community organizing group gave ill-advised assistance to videographers posing as a pimp and prostitute. ACORN Housing has worked with BofA—among other banks—since the '90s to help homeowners in danger of foreclosure. The bank has “suspended current commitments” to ACORN, a spokesman tells the Wall Street Journal.

BofA will also “not enter into any further agreements with ACORN or any of its affiliates.” ACORN and ACORN Housing are separate organizations, though they sometimes share office space. The organization has picked a former Massachusetts AG to investigate the “abhorrent” activity, and appeared to take the news in stride. “We're not surprised that our lending partners like Bank of America want assurances that this won't happen again,” its director says.

An investigator enters an ACORN office in Las Vegas during last year's presidential campaign.
An investigator enters an ACORN office in Las Vegas during last year's presidential campaign.   (AP Photo)
A Bank of America branch office is shown in New York.
A Bank of America branch office is shown in New York.   (AP Photo)
The Bank of America logo.
The Bank of America logo.   (AP Photo)
A screen shot from the incriminating video.
A screen shot from the incriminating video.   (AP Photo)
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COMMENTS
Showing 3 of 7 comments
wwwonderer
Sep 28, 2009 8:29 AM CDT
Exactly. This is because they are helping minorities. Yes BoA was just the model corporation. Completely responsible to it's shareholders AND the American public alike.
wwwonderer
Sep 28, 2009 8:26 AM CDT
And you are obviously over 40. I myself am 39 so I'm not picking on your PURELY for age, but for an aged hysterical hyperbolic mind frame. C'mon. Really? Communists??? THEY'RE COMING TO GET YOU!!!!! Live in fear much? Does your television have a WIRED remote? Still want your kids to grow up in Mayberry? Oh, and did you say RADICAL NUTBALLS?? Really?? WTF??? Delve into irony much?
QueenAlli
Sep 28, 2009 4:55 AM CDT
THIS is the funniest story I've read all day.

 
prostitution • Bank of America • mortgage • homeowners • Acorn • Scott Harshbarger • Michael Shea • Acorn Housing • foreclosures

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