ACORN files for bankruptcy
They blame their troubles on "right wing extremists" and the shadowy conspiracy against them. But really, even before the Breitbart expose, they were having massive financial difficulties and their finances were so screwed up, investigators looking into the embezzlement of $900,00 by the co-founder's brother Dale Rathke couldn't follow the money train.
So this is a little disingenuous:
The ongoing political onslaught caused irreparable harm. This effort was a clear attempt to cast a shadow over the historic 2008 Presidential election, and set up a far right counter offense. Through those attacks we re-tooled and re-organized. Then again came the right-wing media blitz. This time of edited videos that misrepresented our mission, and consequently misled the public. The pressure and cost of defending ourselves in multiple investigations as a result of the falsified videos has eroded our organization. As a result we will be filing Chapter 7 bankruptcy by close of business today.
We have seen this coming for some time. Our chapters closed in the first quarter of the year. We have spent our remaining resources trying to dissolve the organization with integrity, while continuing to respond to the extremist attacks. Allegations and reports will continue to try to undermine all that ACORN has done, often searching for evidence from long before I became CEO.
Don't worry, they're not going anywhere. They've simply reorganized and renamed their operations. The money is still flowing, the registration drives are still going on - the only difference is that there is no longer an ACORN to kick around any more.
Damn - just when it was getting fun to do so.