Citigroup still hasn't ruled out severing ties with ACORN

Citigroup, which has given ACORN millions of dollars over the years via its charitable foundation, still isn't sure the organization is up to no good. This is despite multiple videos of employees enabling underage sex-slavery, the cover-up by top organizational officers of a multi-million dollar embezzlement, and the Louisiana Attorney General raiding their offices on charges of tax fraud. But Citigroup doesn't want to rush to judgment here:

Citigroup CEO Vikram Pandit isn’t ruling out reinvesting in scandal-plagued ACORN, the left-wing community group whose employees were caught on a hidden camera earlier this year allegedly giving advice on how to set up a prostitution ring without getting nabbed by the IRS.

Pandit, who yesterday was at a Wellesley College forum on the global economy, said in an interview afterward that Citi is awaiting an ACORN-sponsored audit of the Baltimore incident before making a decision on whether to resume its financial ties with the controversial liberal group.

“We, as a company, would like to see that report,” said Pandit.

Asked if he could see Citi severing its financial ties with ACORN, Pandit said it “completely depends” on the outcome of the report.

Color me dubious the “ACORN-sponsored audit” will finally hold them accountable.

Beltway ConfidentialUS

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