Lots More Trouble For ACORN

The hits just keep on coming.

ACORN May Face Trial for First Time as Nevada Prosecutors Allege ‘Widespread’ Criminal Policies

When ACORN took to Las Vegas and started playing “Blackjack” and “21,” the activist group was making a far bigger gamble than it ever guessed, according to Nevada prosecutors.

There’s nothing wrong with playing the tables in Vegas, but authorities say ACORN was using the names of those casino games as a cover to illegally pay workers to sign up voters as part of an illegal quota system.

A preliminary hearing Tuesday in the downtown Clark County courthouse has put ACORN on trial for the first time as a criminal defendant.

Until now, prosecutions for voter registration fraud have focused on ACORN workers, and authorities have secured guilty pleas from several who admitted to falsifying voter registration forms.

But when investigators from Nevada Secretary of State Ross Miller’s office raided the ACORN Las Vegas office, Ross says they found a paper trail that implicated the ACORN organization itself.

“We came across policy manuals that outline their policy of creating a quota system, which is against the law,” Miller told FOX News in an interview. “This, in fact, was something that was widespread and something the organization itself knew about, and it’s important to hold the organization criminally accountable as opposed to the individual field directors.”

ACORN denies it had a quota for the number of voter registration forms that its workers were required to turn in every day. Instead, the organization says there were “performance standards” — an expectation that workers would find 20 new voters a day.

But prosecutors say ACORN paid a $5 bonus per day to workers who would sign up 21 or more voters per shift, hence the name “21” or “Blackjack,” an alleged quota system that Ross says is the first step toward corrupting the democratic system.

“These charges strike at the heart of having integrity of the electoral process. That’s something that is important in Nevada and the entire country,” he told FOX News.

“By filing these charges we are sending a clear message we are not going to tolerate these kinds of activities. We have seen voter registration abuse before and we are holding these people accountable.

Affidavits: Ballot abuse rampant

Dozens of forged and fraudulent absentee ballots from people registered to vote on the Working Families Party line were filed in the Sept. 15 primary elections in Troy, the Times Union has learned.

Many of the questionable ballots were filed under the names of students and people who live in government-subsidized housing and other downtown areas. Still others were submitted on behalf of voters who were alleged to have signed the ballots earlier this month, but those people have not lived in New York state for at least a year, records show.

Documents at the county Board of Elections show the fraudulent ballots were handled by or prepared on behalf of various elected officials and leaders and operatives for the Democratic and Working Families parties. A Troy housing authority employee, Anthony Defiglio, who sources said oversees vacant properties for the Troy Housing Authority, also handled many of the fraudulent ballots, according to public records and interviews with voters who said they were duped.

With No Fanfare, Senate Hits ACORN, Again

With no fanfare and no roll call vote, not even a speech — the Senate on Tuesday unanimously approved an amendment by Sen. Mike Johanns, R-NE, that bars any funds from the Defense spending bill from going to ACORN.

Johanns promised to introduce a similar amendment on every spending bill Congress considers this year, until the chamber takes up his broader bill that would impose permanent ban on ACORN receiving any federal funds.

It took the Senate a little over one minute to consider the measure.

Bank of America pulls ACORN funding

Troubled community organizing group ACORN suffered another setback on Monday, when Bank of America announced it is pulling its funding of ACORN Housing.

In a statement, Bank of America said that is it “suspending current commitments to ACORN Housing and will not enter into any further agreements with ACORN or any of its affiliates” until it is satisfied that all issues related to the organization have been resolved.

See also:
Ex-ACORN worker details blackjack voter registration bonuses
Ex-ACORN organizer describes voter signup bonuses
Ex-ACORN official outlines alleged illegal voter registration plan
Massive Voter Fraud in NY Linked to ACORN
WORKING FAMILIES PARTY = ACORN; What Will AG Cuomo Do?
REDSTATE EXCLUSIVE: A Review of ACORN CEO Bertha Lewis’s Rolodex Suggests Strong White House Ties
Inside The ACORN Rolodex: ACORN Has Its Own Political Party Other Than the Democrats
Senate votes to ban ACORN — again
Johanns keeps aim on ACORN
Effort to defund ACORN faces hurdles
Bank suspends dealings with ACORN housing entity
BofA severs ACORN ties
Acorn Housing Board Member Steps Down
ACORN, A Toxic Organization?
Cracking down on ACORN
East Bay ACORN chapters feel impacts of national brouhaha
Preliminary ACORN probe by end of October

/keep up the pressure, ACORN needs to be totally unraveled and its rampant corruption brought to an end

Reality Sets In, It Bites

How long can the Democrat legislature in California keep pretending they’re not broke and that the gold plated state union wages and pensions isn’t what bled them dry?

Major banks say they will no longer accept California IOUs

Thousands of vendors who do billions of dollars of business with the state of California are scrambling as major banks say they will no longer honor the state’s IOUs.

Despite pressure from the state treasurer, JPMorgan Chase & Co., Bank of America Corp., and Wells Fargo & Co. and other major banks planned to stick to their plans and not honor California’s warrants after Friday. State Treasurer Bill Lockyer announced Citigroup Inc. agreed to a one-week extension through July 17.

See also:
Talks intensify over closing Calif.’s $26B deficit
Bank of the West, Citibank to keep accepting California IOUs
Big banks to cut off California IOUs
The Daily Capitalist: We Buy and Sell California IOUs
What’s the bid for a California IOU? More than a Confederate dollar?
California IOUs speculation heats up as banks stop redeeming state warrants
California IOU intermediaries may need to register with SEC

$26.3 billion budget deficit, that’s a big number anywhere outside Washingtom D.C.

/NO FEDERAL BAILOUT!

.

Heavy Meddle

This is your government going way too far.

BofA Urged by Regulators to Revamp Board of Directors

Federal officials have pressured Bank of America Corp. to revamp its board by bringing in directors with more banking experience, as regulators place the bank under increasingly heavy government scrutiny.

The move represents unusual influence by the federal government over the workings of a financial institution in which it doesn’t own a stake. It’s particularly significant because many of the bank’s woes stem from its purchase of Merrill Lynch & Co. — an acquisition that was completed after heavy prodding by federal regulators. The Merrill deliberations were the beginning of regulators’ deepening involvement in the Charlotte, N.C., lender’s day-to-day operations.

The moves underscore the balancing act faced by the federal government as it tries to steer the banking sector through its crisis while also involved in a broader pattern of engagement in the operations of individual U.S. banks.

On May 7, a week after the Bank of America board named Walter Massey to replace Chief Executive Kenneth Lewis as chairman, Mr. Massey unveiled a committee to recommend changes to the board’s structure and size. The committee would also oversee the bank’s response to a federal “stress test” that showed the need for $33.9 billion in additional equity.

Prior to those moves, federal banking regulators — the Federal Reserve and the Office of the Comptroller of the Currency — had signaled to the bank’s leadership that such steps would be well received by the federal government. Government officials also suggested that the task of reshuffling the board be led by independent directors, and that the board needed more members with banking experience.

See also:
WSJ: Gov’t pressuring Bank of America board change
Pressure is increasing on Bank of America’s Lewis
Regulators urge Bank of America board overhaul
Bank of America Under Pressure

So, after bullying Ken Lewis into buying Merrill Lynch for much more than it was worth, which got Bank of America into financial trouble in the first place, now that same government is trying to tell BofA who can be on their board of directors. Nevermind that Bank of America shareholders just elected the board of directors at their annual meeting on April 29th. The government has absolutely no business sticking it’s nose into the internal affairs of a publicly traded corporation that it owns absolutely no stock in. And I don’t care that the government has loaned Bank of America money either, money that, by the way, Bank of America hopes to repay within a matter of months, that doesn’t make the government a shareholder, entitled to make decisions about who should run the company.

This big brother government interference in the private sector just has to stop and the sooner the better, before Obama and company get more than just there noses into the corporate tent. Hopefully, Bank of America will just say no and not cave in to the government pressure or maybe it will take a shareholder lawsuit to rebuff the nosy camel. In any case, someone needs to put their foot down while there still is something resembling a private sector and free markets.

/seriously, government encroachment like this should scare the [expletive deleted] out of everyone who still believes there is such a thing as capitalism

We’re From The Government And You’re Screwed

Bailout Man Turns the Screws

Late on New Year’s Eve, , a Treasury Department official, sat waiting impatiently for documents to arrive from Citigroup Inc. He’d just been told by the bank’s chief financial officer that Citigroup couldn’t reach some executives who needed to sign the paperwork, including one woman whose husband was in the hospital with a heart attack.

“Well then, you know where to find her,” Mr. Lambright replied to the finance chief, Gary Crittenden, according to three accounts of the call. “Put someone in one of your fancy black cars and get her to sign the document.”

As the government continues to pour cash into the economy, Mr. Lambright, 38 years old, has become one of the most powerful men in American finance. Unknown to most outside the Treasury building, he’s an embodiment of how power in the economy has shifted — for good or ill — to Washington.

. . .

After the government agreed to help, Mr. Lambright’s team had to put flesh on the deal, including compensation curbs for bank executives. Bank of America officials were rankled by the proposed pay restrictions and the 8% interest rate the government planned to charge.

On a conference call with top government and bank officials, Bank of America’s chief financial officer said the deal seemed punitive. Mr. Lambright spoke up. He reminded the CFO that his firm was bleeding outside the emergency room and was seeking help from a government with only blunt instruments at its disposal, according to three people familiar with the call.

“You’re in pain and you have to decide: Does it hurt more to come in or stay out?” Mr. Lambright said, according to those people.

Government officials agreed that they needed to impose restrictions, and in the end, pay limits were set.

See also:
Treasury continues image control
Export bank chief James H. Lambright joins financial rescue team
Treasury Names Interim Chief Investment Officer for TARP
TARP leader Lambright wields power in Washington
James H. Lambright
James H. Lambright

/is it any wonder these banks regret taking the money and can’t pay back the TARP funds fast enough?