Oh my: ACORN on the brink of bankruptcy

The community organizing group Acorn, battered politically from the right and suffering from mismanagement along with a severe loss of government and other funds, is on the verge of filing for bankruptcy, officials of the group said Friday.

Acorn is holding a teleconference this weekend to discuss plans for a bankruptcy filing, two officials of the group said. They asked not to be identified because they were not authorized to speak to the news media…

“That 20-minute video ruined 40 years of good work,” said Sonja Merchant-Jones, former co-chairwoman of Acorn’s Maryland chapter. “But if the organization had confronted its own internal problems, it might not have been taken down so easily.”