Bank of America Severs Ties with ACORN

Some day it would be helpful to figure out how an organization so obviously shady, whose branches are routinely under indictment (or worse), could become so entrenched in both the government and in the markets, particularly the housing market. Until then, it good to see another ACORN relationship severed. Bank of America has just cut its ties with ACORN due to ACORN's most recent scandal.

Bank of America Pulls Back From ACORN Work

Already facing the loss of federal government funding, the community-organizing group ACORN also has run afoul of one of its big corporate partners, Bank of America Corp.

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.

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Bank of America Severs Ties With ACORN