Tristan Yates documents ACORN’s history of shaking down banks for millions, with the help of The Community Reinvestment Act.
ACORN perfected this “pay for protection” business model in the 1990s. And it is a business. While some of the ACORN organizations are non-profit, others are not, which means that by working together they can get the best of all worlds: political actions, union-style organization, tax-exempt status, privacy, and profit.
And the politicians who enabled this racket get gobs of votes. What’s not to like about it?