Blogger Nancy Armstrong (MsPlacedDemocrat.com) reports that St. Louis, Missouri, gave a $100,000 grant to ACORN and that $82,000 of it is unaccounted for.
The money was given to ACORN for loan modifications, that is, to help struggling homeowners refinance their mortgages. ACORN reportedly charges $750 for each loan modified and says it has completed 24 of them, which means it is entitled to $18,000 from the grant.
Read more about it on Armstrong’s blog here.
Armstrong and I discussed the matter with G. Gordon Liddy on his show earlier today. (podcast here)