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July 14, 2011
'Unanswered questions' surrounding ACORN
OneNewsNow
by Russ Jones
Matthew Vadum, senior editor at the Capitol Research Center, says ACORN has filed Chapter Seven bankruptcy, meaning the organization will shut down and have to account for how its funds were spent.
"They are also doing it so they will not have to pay back the $1 million they borrowed from Forest City Ratner, [a New York realty company]. They took money to support the Atlantic yards land grab there in New York, [and] they're going to build a big complex and a stadium for the Mets."
NoLandGrab: The Mets? We might have to rethink our opposition.
And by the way, no one ever really expected that ACORN would have to pay back the, ahem, "loan."
Posted by eric at July 14, 2011 9:55 AM