Skip to main content

Komen & Bank of America: A profitable partnership that
turns a blind eye to fraud investigations across the country

The Komen Foundation's public rationale for defunding lifesaving services at Planned Parenthood clinics throughout the country, as summed up by the press, "is that Planned Parenthood is under investigation in Congress—a probe launched by a conservative Republican who was urged to act by anti-abortion groups."

According to Komen's spokesperson, the charity's new policy bars grants to organizations that are under such investigations. Specifically, Komen has decided to sever financial ties if a grant applicant or any of its affiliates is "currently under a local, state or federal formal investigation for financial or administrative impropriety or fraud."

When the money flows out of Komen to clinics to pay for mammograms and other screenings, Komen has decided to rely on the existence of an "investigation"--meritorious or not, politically motivated or not--to justify its defunding.

With respect to the money flowing in to Komen?

That's a whole other story.

Take, for example, Bank of America, a Komen "corporate partner":

Bank of America and Susan G. Komen™ are proud to have partnered to bring an end to breast cancer. Like the millions of mothers, daughters, families and friends who have been affected by this disease, we want to work together to put an end to this disease. From February 2012 to May 2015, Bank of America is guaranteeing a minimum of $1,000,000 to Susan G. Komen™ in conjunction with its Pink Ribbon Banking products. Since 2009, Bank of America has contributed more than $2.7 million to Susan G. Komen™ in conjunction with this program.

Yes, that's the same Bank of America that is "currently under a local, state or federal formal investigation for financial or administrative impropriety or fraud." Here's a sampling of what Bank of America is facing:

  • In New York, Bank of America is being investigated for "fraudulently steered homeowners into overpriced insurance policies."
  • In California and Nevada, Bank of America is under investigation for "foreclosure fraud and other wrongdoing in the mortgage markets, including the packaging and selling of mortgage-backed securities by Wall Street players and scams by smaller players offering to help troubled borrower."
  • In Arizona, Bank of America is under investigation for its loan modification practices.
  • And, of course,  the federal government's new mortgage crisis unit will be investigating Bank of America's conduct leading up to the real estate crisis.

To sum up, Komen is perfectly content with accepting millions from an entity under investigation for fraud across the country but when it comes to dispensing a portion of those and other funds to an entity that saves lives but that's facing a sham of an investigation, Komen draws the line.

Now it's your turn to draw a line as well.

Send an email to the Susan G. Komen Foundation and tell them what you think of this decision.

Originally posted to Georgia Logothetis on Wed Feb 01, 2012 at 03:08 PM PST.

Also republished by Daily Kos.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Sharoney, colleen, Angie in WA State, coral, Mogolori, Odysseus, Debby, eeff, elfling, SallyCat, Creosote, fblau, JesterDel, macdust, KibbutzAmiad, CoolOnion, mole333, joe pittsburgh, Minerva, MJB, Bill Roberts, fumie, Iberian, Cedwyn, ManOutOfTime, Redfire, defluxion10, Matt Esler, boran2, sawgrass727, Gowrie Gal, NoMoreLies, Unit Zero, democracy inaction, KnotIookin, citizenx, Brooke In Seattle, ratzo, Southside, HiBob, rbjets69, dsteffen, Sister Havana, occams hatchet, Sanuk, BachFan, irishwitch, Patriot Daily News Clearinghouse, 417els, Clytemnestra, dharmafarmer, BeadLady, profundo, smokeymonkey, dougymi, blueoasis, middleagedhousewife, matx, ms badger, Tamar, anotherdemocrat, Msinformed, operculum, terabytes, ballerina X, davehouck, HCKAD, jedennis, second gen, pioneer111, uciguy30, leonard145b, TomP, 123man, skohayes, Gemina13, glendaw271, costello7, doppler effect, sagansong, Mayfly, dmhlt 66, ewmorr, banjolele, be the change you seek, Norm in Chicago, bamjack, Calfacon, MKSinSA, Keith Pickering, NJpeach, eXtina, gramofsam1, plays in dirt, Funkygal, ericlewis0, Oh Mary Oh, Pakalolo, Onomastic, annieli, kerflooey, FactsNotFiction, implicate order, jm214, FarWestGirl, CoExistNow, molunkusmol, mrsgoo, BarackStarObama, tacklelady, loblolly, randomfacts, Mets102, jolux, RLMiller, Mathazar, Rejoinder, Sister Inspired Revolver of Freedom, Spirit Dancer, TBug, qannabbos, BlackNGreen, arizonablue, marty marty, bigrivergal, Sue B, Fracturedchaos, natfroiland, mygreekamphora, Logical1

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site