Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Wednesday, November 10, 2010

ACORN Bankruptcy Filing Raises New Questions And Concerns

While the rest of the nation was out voting last Tuesday, ACORN -- the major voter registration organization in cities and among the poor -- was quietly filing for bankruptcy in a Brooklyn, N.Y., courthouse a few blocks from its main office. 

But despite the bankruptcy filing, many of the group's critics remain suspicious of the community organizers' intentions.

Court documents show that ACORN -- the Association of Community Organizations for Reform Now -- suffered a massive loss of public support over the past two years, and that the group and six affiliates now are more than $8.6 million in debt and have only $218,709 in cash. 

According to the filings, ACORN took in $46.1 million in 2008. That dropped to $16.2 million last year, and contributions dwindled to just $1.57 million in the first 10 months of this year.

GO HERE to read more.

No comments: