Not exactly sure how a non-profit files for bankruptcy protection, but ACORN is apparently considering it.

As its financial resources dwindle, radical advocacy group and organized crime syndicate ACORN may have to file for bankruptcy protection before Christmas, ACORN insiders say.

"They may have to file for bankruptcy if they don't have several big pending grants approved or get emergency loans," a highly placed ACORN source told me over the weekend. This information bolsters Rep. Darrell Issa's (R-Calif.) claim last week that ACORN is in turmoil amidst internal power struggles and on the verge of bankruptcy.

The organization owes over 2 million in backtaxes, and those may be payroll taxes, which would make ACORN directors personally liable.

Its darkly funny that an organization premised on social theft would get themselves in trouble over non-payment of taxes.

The recent video-sting of ACORN is going to make a Congressional rescue problematic--for political reasons as well as the exceptional slow pace at which Congress works. My guess is that ACORN goes away, and with it the "bad smell". Democrats and their bagmen can always reconstitute ACORN's function under a different name, or even better, under a lot of different names. That way when they get caught stuffing the ballot box, they can sniff that is an "isolated case".

What will be most interesting is what will happen to ACORN's directors. If ACORN's tax problem become their tax problem, expect some very interesting negotiations. There is no doubt that they can sink a lot of political careers. If we had any real reporters in this country, someone would be watching who contacts whom, very closely.