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Sunday, March 21, 2010

ACORN Virtually in Bankruptcy

This news isn't nearly as important as it sounds.

The community organizing group Acorn, battered politically from the right and suffering from mismanagement along with a severe loss of government and other
funds, is on the verge of filing for bankruptcy, officials of the group said Friday.

Acorn is holding a teleconference this weekend to discuss plans for a bankruptcy filing, two officials of the group said. They asked not to be identified because they were not authorized to speak to the news media.

Over the last six months, at least 15 of the group’s 30 state chapters have disbanded and have no plans of re-forming, Acorn officials said. The California and New York chapters, two of the largest, have severed their ties to the national group and have independently reconstituted themselves with new names. Several other state groups are also re-forming outside the Acorn umbrella, and will not be affected if the national organization files for bankruptcy.

In fact, ACORN is disintegrating and at the same time all its parts are morphing and changing their names. So, in fact, ACORN will disintegrate but its parts will morph. This is all part of the process.

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