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January 5, 2009

More details emerge about Forest City Ratner bailout of ACORN: did Bertha Lewis mislead her board?

Atlantic Yards Report

Norman Oder follows up on blogger Anita MonCrief's most recent entry regarding the financial relationship between ACORN and Forest City Ratner.

ACORN whistleblower Anita MonCrief--who has an ax to grind but has presented accurate information--offers more details about the agreement between Forest City Ratner to bail out the struggling national organization ACORN, headed on an interim basis by Bertha Lewis, who as head of New York ACORN signed the controversial Atlantic Yards housing agreement with the developer.

MonCrief suggests the deal was approved after the fact.
...

Moreover, though the New York Times, according to MonCrief, knew of the deal, the newspaper neglected to write about it. However, as I detailed last month, the Times wrote about a roughly equivalent bailout of ACORN.

It's time for another look.

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Posted by eric at January 5, 2009 10:49 AM