Although the US Senate and US House both voted to pause any federal funding on its way to the embattled ACORN until November 1, TradingStocks.com reports that last week US Rep. Maxine Waters successfully manipulated ACORN and its sister organizations into a new, even more powerful position --advising the nation's financial institutions:
During consideration of H.R. 3126, legislation to establish a Consumer Financial Protection Agency (CFPA), Democrats on the House Financial Services Committee voted to pass an amendment offered by Rep. Maxine Waters (D-CA) that will make ACORN eligible to play a role in setting regulations for financial institutions.
ACORN, you may ask. How can we be so sure?