Bank of America Cuts Off Funds to ACORN

Wall Street Journal is reporting that Bank of America will cut off funding to 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.

Last year, whistleblower documents revealed that in just 2005-2006, Bank of America had given over $1.3 million to ACORN. An internal ACORN memo even crowed:

B of A pays quartly. Chase when they feel like and are tired of getting bugged by me.

Full WSJ story here.


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