Posted on 09/28/2009 2:03:47 PM PDT by Oldeconomybuyer
Guillermo Loaiza, a loan officer for a unit of J.P. Morgan Chase & Co. in Phoenix, has resigned from the board of Acorn Housing, a spokesman for J.P. Morgan said.
Acorn Housing is an affiliate of the community-organizing group Acorn, the full name of which is the Association of Community Organizations for Reform Now. Both Acorn and Acorn Housing have been under fire since the recent release of secretly recorded videos that depicted Acorn employees offering advice on evading taxes, setting up brothels and smuggling illegal immigrants.
J.P. Morgan has said it doesn't have a regular working relationship with Acorn or Acorn Housing. Bank of America Corp. said late last week that it suspended its work with Acorn Housing pending reviews of that organization's operations.
Acorn Housing has long worked with Bank of America and other big banking companies in counseling potential home buyers and distressed mortgage borrowers. Bank of America has said it made a $2 million grant to Acorn Housing last year for "homebuyer education and counseling to homeowners who are in financial difficulty."
(Excerpt) Read more at online.wsj.com ...
...Looks like ACORN's chickens are coming home to roost.
Rats leaving a sinking ship.
Steps down = fired by popular opinion.
The S.S. ACORN is about to hit the iceberg.
I don’t why anyone is shocked at the business that Acorn was doing that. It’s one of the few buseinesses that can make a profit under Obama.
Prostitution
Gun manufacturing
Ammo manufacturing
That’s it.
“Bank of America has said it made a $2 million grant to Acorn Housing last year for “homebuyer education and counseling to homeowners.......”
IOW “extortion”.
Mr. Guilermo Loaiza: Mr. Loaiza is a Mortgage Officer with J.P. Morgan Chase & Company. He has been in the mortgage industry for 10 years. He is the president of the Arizona ACORN Housing Corporation, and a former member of ACORN. He attended Phoenix College. He has been a resident of the South Mountain Village community for over a decade where he lives with his family. Prior to moving to Phoenix, Mr. Loaiza lived in New York City.
J.P. Morgan is ducking for cover. Loaiza, their employee, was the President of Acorn Housing Corporation, and one of the five members of its board. Loaiza himself is a native of New York City.
Oooooooooo the rats are jumpin ship!
Its sinkin FAST!
Wonder if he will spill the beans?? Hum???
Happy day!
whats he doing on the board in the first place?
Acorn is still listed on the Federal HUD website as of today.
http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=AZ
“Rats leaving a sinking ship”
Hardly. This thug will probably step into another ACORN branch at twice the pay.
I suppose that now Guillermo is sadder but Loaiza.
Rim Shot
Click the Pic
ACORN’s had the bankers of America by their short hairys for years. At least at the corporate level they were a necessary evil they had to deal with, not a partner of choice.
...I just perused a Yahoo!/AP story about Bank Of America 'suspending' its ties with the embattled ACORN.
People like this stink up my state. Go back to New York Mr. Loaiza!
Jessie Jackson the shakedown expert used his org Rainbow-PUSH to force companies to give him money and often he also demanded targetted companies put one or more of his picks on their boards.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
