Well,well well! Perhaps the business of fomenting Racial Discord is not as lucrative as it once used to be. first, Jesse Jackson forms a coalition with one of the most virulent Homosexual Activist groups to form “The Rainbow – Push Coalition ” (undoubtedly a much needed financial arrangement for Rev. Jackson – you know child support is expensive these days) and now on the heels of a complete upstaging and drubbing by Glenn Beck on 8/28, we hear that one of the other foremost Merchants of Racial Discord is in financial trouble. Maybe the “Right Rev. Sharpton” needs a basic lesson in Finances – you know, Al, Income and Expenditures are somewhat related. Funny, isn’t it how financial disarray and corruption seem to run hand in hand! A radical readjustment of the two might be a consideration. Or maybe he is just using the same automated accounting system that Timothy Geitner uses. In any case, however, in true liberal fashion when a “Too Big to Fail” situation arises a Mega” Merger just might be in order. It worked for Jesse Jackson. Maybe a coalition with a radical group like The Jewish Defense League would be the answer. Opposites seem to attract in these cases. Politics does make for strange bedfellows, you know!
What’s a Mother to do?
P.S. Has anyone located The right Rev. Sharpton’s church yet?
Sharpton’s Nonprofit on the Brink, Audit Finds
Published September 07, 2010
An accounting firm hired by Al Sharpton’s National Action Network found the civil-rights group in such financial disarray that it flunked its record-keeping — and may not even survive, The New York Post has learned.
The scathing critique was spelled out in a hard-hitting internal audit of NAN’s books, a copy of which was obtained by The Post.
“The organization has suffered recurring decreases in net assets — and has been dependent upon advances from related parties and the nonpayment of payroll tax obligations — to maintain continuity,” the firm KBL concluded in an April 2 audit of NAN’s 2008 financial records, the most recent available.
The audit, which was submitted to NAN’s board of directors, warned, “These circumstances create substantial doubt about the organization’s ability to continue.”
KBL said it was “unable to form an opinion” on the accuracy of NAN’s financial figures “because of inadequacies in the organization’s accounting records.”
In 2008, federal prosecutors decided to drop a criminal probe into the finances of Sharpton and NAN. But Sharpton — who also has a lucrative syndicated radio show and a speech-making and consulting business — agreed to pay back more than $2 million in overdue personal and NAN taxes.