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CRL: ACORN Will Still Reap Windfall from Financial Crisis.

Fraudulent Organization Should Be Investigated, Not Rewarded

WASHINGTON, Sept. 29 /PRNewswire/ -- James Terry, Chief Public Advocate for the Consumers Rights League (CRL), released the following statement today expressing disappointment that the compromise bill before Congress does not protect taxpayers by repealing the previous bailout provision that ensures hundreds of millions of dollars for organizations like the Association of Community Organizations for Reform Now (ACORN) which is engaged in questionable practices and the potential misuse of public funds:

James Terry, Chief Public Advocate, Consumers Rights League (CRL):

"Even with the removal of the ACORN provision from the current compromise bill, ACORN will still reap a windfall from this financial crisis. The first bailout bill passed a few weeks ago is already pumping what will eventually be billions of dollars into a slush fund to benefit organizations like ACORN and its affiliate, the ACORN Housing Council (AHC).

"I am disappointed that, as part of the latest economic rescue package, the House and Senate negotiators did not safeguard tax dollars by demanding full repeal of language -- currently law -- that rewards the questionable practices of ACORN at the expense of hardworking taxpayers.

"These groups must be held accountable for not only their histories of questionable practices but for how they will spend this massive cash influx funded by American taxpayers. Appropriate oversight has not been established and the opportunities for fraud within ACORN are rampant.

"In recent months alone, the chief organizer of ACORN was forced to resign over the cover-up of a $1 million embezzlement scandal involving his brother. As internal whistleblower documents recently revealed, ACORN and its offshoots may have reaped substantial financial gains by misusing taxpayer dollars for political ends and by attacking lending corporations for the same so-called 'predatory' lending practices ACORN regularly engages in. In 2008 alone, ACORN's voter registration activities have spawned investigations in almost a dozen states, sometimes involving tens of thousands of invalid or fraudulent registrations.

"The continued existence of this slush fund is an insult to all of the consumers who have lost so much in this crisis. ACORN and its affiliates should be investigated, not rewarded."

Read CRL's full whistleblower report, http://www.consumersrightsleague.org/UploadedFiles/ACORN_AHC_Report.pdf, CRL's Congressional testimony on voter fraud, http://www.consumersrightsleague.org/uploadedfiles/JamesTerryACORN9-24.pdf, and learn about the latest ACORN embezzlement scandal, http://www.consumersrightsleague.org/news/DocumentSingle.aspx?DocumentID=23025

About The Consumers Rights League:

The Consumers Rights League is a non-profit, non-partisan educational organization dedicated to protecting consumer choice and access to the marketplace. Through investigative analysis, CRL produces quality research that thoroughly documents the real-world choices and challenges consumers face and reports on the benefits enjoyed by an overwhelming majority of consumers. Learn more about CRL's mission at http://www.consumersrightsleague.org/.

CONTACT: James Terry of The Consumers Rights League, +1-202-230-4573

Web site: http://www.consumersrightsleague.org/
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Date:Sep 29, 2008
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