OMB: Existing ACORN Deals Can Be Ignored

Don't worry (0.00 / 0)

Joe Nocera is on the case.

And the American International Group is contractually obliged to make bonus payments of nearly $200 million in March 2010. The company has promised to try to reduce that amount by 30 percent. But once again, there is nothing Mr. Feinberg can do because those bonuses were already written into contracts - and there is a high likelihood that the bonuses will create another furor in Congress, just as they did earlier this year.

And the difference here is ... what, exactly? AIG execs can afford lawyers?

---

by: Jim Corrigan @ Fri Oct 23, 2009 at 10:50:21 AM CDT

Some folks are keeping on keeping on. (4.00 / 1)

Nice AP story

The scandal has shaken the group. ACORN has suspended its tax preparation service and housing assistance program. Foreclosure clients are now referred to counselors at the U.S. Department of Housing and Urban Development.

Yet the group continues to operate. Staffers are being retrained and procedures reviewed. Activists are working on other types of issues, such as the case of a New York City woman who says she was assaulted by a police officer.

They're also trying to drum up cash. Last week, headquarters sent a fundraising plea to field offices under the title "Will ACORN survive?" in a bid to make up the loss of some $2 million in government money. Most of the nonprofit's $25 million annual budget, however, comes from the 500,000 active members. They're asked to give $10 a month, but not all pay dues regularly.

People are responding, said Brian Kettenring, deputy director of national operations. He reported a huge outpouring of online donations, but said the dollar amount was not yet available.

In New Orleans, a woman walked into the ACORN office and donated a $100 bill, said Beth Butler, executive director of that city's chapter.

---

by: Judy Meredith @ Fri Oct 23, 2009 at 11:01:26 AM CDT