The Spectacle Blog

Toxic Mortgage Tycoons Herb & Marion Sandler and the ACORN Connection

By on 6.5.09 | 5:39PM

The "Glenn Beck Program" did an excellent piece on June 3 about Herb and Marion Sandler, the toxic mortgage king and queen, and their connection to ACORN and the inappropriately named Center for Responsible Lending. (The video clip is embedded above.)

Through their charity, the Sandler Family Supporting Foundation, they gave at least $5,723,222 to the ACORN network. Specifically, the charity gave $4,498,222 to American Institute for Social Justice (since 2003), $700,000 to Project Vote (in 2005), $525,000 to ACORN (2000–2001 according to Activist Cash). This excludes any contributions that either Sandler may have made personally to ACORN or its affiliates.

 According to the "Glenn Beck Program," the Sandlers paid ACORN to send out protesters to hound Wells Fargo Bank, which competed with Golden West, the Sandlers' bank. If true, this is an explosive allegation.

The Sandlers have also given heavily to the Center for Responsible Lending, an ACORN ally that champions the Community Reinvestment Act (CRA). Their foundation has given the Center at least $11,200,000 since 2005.

The Sandlers are also deeply involved in an effort to push America's journalistic culture even farther to the left. They have given a reported $10 million to ProPublica, a left-leaning investigative journalism outfit. Cheryl K. Chumley profiled ProPublica in last month's Foundation Watch.

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