Bank of America is ACORN ‘Partner’ and Major Funder

From the NLPC

Bank of America is ACORN ‘Partner’ and Major Funder

National Legal and Policy Center
Peter Flaherty on Mon, 09/21/2009

Bank of America has received $45 billion in taxpayer TARP funds, and has slashed its dividend to a penny. Yet it is one of ACORN and its affiliates' biggest funders.

Our review of annual tax returns for the Bank of America Charitable Foundation, Inc. for the last three years (2006, 2007, 2008) found more than $3.6 million in grants to ACORN and its affiliates. Those grants include a grant of $2 million to ACORN Housing, Inc. last year, and direct grants to ACORN Housing, Inc. offices in Baltimore, Maryland and San Bernardino, California, the locations of undercover video stings.

On its website, ACORN Housing, Inc. describes its relationship with Bank of America as a “partnership.” The Bank of America website lists no less than 26 ACORN offices where:

Bank of America works with Association of Community Organizations for Reform Now (ACORN) Housing to provide special mortgage products to potential homeowners in NAME OF CITY.

(2006, 2007, 2008) found more than $3.6 million in grants to ACORN and its affiliates. Those grants include a grant of $2 million to ACORN Housing, Inc. last year

Over 50% given in an election year. Sounds like a disguised campaign contribution.

What is a Bankrupt company doing with a Charitable Foundation? It's not the bank's money in the first place, it's the SHAREHOLDER'S!!!

They (BoA) needed a charitable contribution from the US TAXPAYERS.

How deeps is the level of corruption within the banks and US Government? Will we ever get rid of it, or are we SUPPOSED to be *Good Little Sheep* and keep being fed the fecal matter and believing it's a tasty meal.

Are you PISSED OFF YET?

Bank of Amigo?
How could you say they would do something legal... err illegal...