Bailed-out banks Help Fund ACORN

The Washington Examiner reports:

Bank of America has contributed almost $3 million to ACORN Housing Corp. since 2005, according to the Capital Research Center (CRC), a conservative watchdog group. CRC has reported that the largest grant on record, in the amount of $740,000, went to ACORN’s Las Vegas office, which was raided by federal authorities last year because of suspected voter fraud. Edward Anguilla, a spokesman for Bank of America, told The Examiner that the grants funneled to ACORN Housing were part of a larger effort address the foreclosure crisis and were set up specifically for home retention and foreclosure mitigation work.

Rent seeking gone wild.