Bank of America Blowing Your Tax Dollars on Super Bowl, ACORN
From the Business and Media Instittue:
But, this latest indiscretion has gone unnoticed by the media – a donation in the amount of $2 million to the ACORN (Association of Community Organizations for Reform Now) Housing Corporation of Chicago, according to a document posted on Bank of America corporate philanthropy Web site – which shows the bank had given the total amount in grant money from October 2007 through June 2009.
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ACORN has been associated with cases of voter fraud, accounting improprieties and has lobbied for obligatory housing assistance from the federal government for home borrowers that got in over their heads with recent mortgage woes.
The media have not only been eager to attack banks like Bank of America for their corporate expenditures and compensation, they have found other ways to go after these institutions. As ABC investigative correspondent Brian Ross pointed out – with his usual knack for finding lavish spending by corporate entities – Bank of America also sponsored a Super Bowl party at a 5-Star Resort in Palm Beach, Fla.
So lemme get this straight: Things are so bad at Bank of America that they need $20 billion of taxpayer dollars to stay afloat, but not so bad that they need to cancel their Superbowl Party and not give to groups who have had multiple employees arrested for voter fraud?
Well, at least ACORN won’t be getting any money directly from the government…..oh wait, they might be eligible after all.
I realize that Bank of America is under pressure here to help out people whose homes have been foreclosed and ACORN has the momentum right now, despite their dubious political activities, but being principled never goes of style.
