Vadum reported the emergence of the "new" ACORN groups in his new book, "Subversion Inc.: How Obama's ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers." A senior editor at Capital Research Center, a think tank that studies left-wing advocacy groups and their funders, Vadum has assembled the information in the book from nearly three years of research and hundreds of interviews.

ACORN's newly renamed chapters in New York (New York Communities for Change), California (Alliance of Californians for Community Empowerment), Missouri (Missourians Organizing for Reform and Empowerment), and Washington state (Organization United for Reform) make no secret about their participation in the scheme.

NYCC claims JPMorgan Chase's foreclosures policies are unfair and takes credit for the town of Hempstead in Nassau County, N.Y., "closing the Chase account and moving $12.5 millions in tax payer dollars out of the pockets of the greedy Wall Street Bankers." NYCC is pressuring other municipalities in the state to do the same.

Alliance of Californians for Community Empowerment, or ACCE, boasts that 22 activists were arrested protesting foreclosures outside a Chase office in Los Angeles.

Missourians Organizing for Reform and Empowerment, MORE, led by veteran ACORN organizer Jeff Ordower, jumped on the anti-Chase bandwagon last year, leading a protest at a Chase office in suburban St. Louis.

Organization United for Reform, OUR, led a protest outside the Chase branch in Marysville, Wash., demanding that Chase give part of a $1.4 billion tax refund to the local school district.

In his book "Subversion Inc.," Vadum traces the checkered history of ACORN.

"The members of ACORN, and the thousands of groups it inspired, are foot soldiers in a nearly 50-year war on America’s free political institutions," Vadum told WND.

Following the "break the bank" strategy of Marxist activists and academics Richard Cloward and Frances Fox Piven, ACORN seeks to overload the American system with impossible financial demands – literally destroying the nation's economy, the book asserts. Piven is currently a member of the board of ACORN's Project Vote subsidiary.

Just last year, Piven urged delinquent mortgage holders to stay in their homes for as long as possible without paying in order to bring the system crashing down. She told videographer Kyle Olson:

But if millions of people … refuse to go along with foreclosure proceedings, and refuse to pay off those mortgages that are under water, that will be enormous pressure on the banks. And if they do it in the form of a social movement, if they do it with pride and audacity, if they do it with a sense of self-righteousness, the political leaders of this country will not be able to round them up.

The subversive plan to destabilize the nation's financial system was revealed earlier this year by Stephen Lerner, a board member of SEIU who is officially on leave from the union. Lerner is influential in leftist organizing circles and has reportedly visited the Obama White House at least four times.

Lerner said a strategy was needed that addressed the following questions: "How do we bring down the stock market, how do we bring down their bonuses, how do we interfere with their ability … to be rich?" It is important "to politically isolate them, economically isolate them and disrupt them," he said.

Lerner said he decided that JPMorgan Chase would be "a really good company to hate." If leftists really believe capitalism is in a "transformative stage," they "need to confront this in a serious way and develop a real ability to put a boot in the wheel."

Lerner said "we really are trying to disrupt and create uncertainty for capital, for how corporations operate … there are actually extraordinary things that we could do right now that would start to destabilize the folks that are in power and start to rebuild a movement."

Lerner noted that 25 percent of homeowners now own a home worth less than they paid for it. Of those "underwater" homeowners, 10 percent "are now in strategic default, meaning they're refusing to pay but they're staying in their homes." The homeowners, who figured out it might take lenders a year to foreclose on their mortgages and evict them, should be urged to stay put. "If you could double that number, you would … put banks on the edge of insolvency again."

Lerner said banks that don't pay their "fair share" in taxes or refuse to slash interest rates and partially forgive mortgage principal are being targeted. He also called for state and local governments to stop doing business with banks that don't give in to the campaign's demands.

As Vadum's book reports, leftist George Goehl explained how to destabilize American society a year ago at a left-wing conference in Washington, D.C.

"The banking crisis is the next big thing," said Goehl, executive director of Chicago-based National People's Action. "The banking crisis is the way to build a big economic justice movement in this country."

Goehl said the crisis presents "a once in a lifetime opportunity as progressives to engage millions of Americans in a big conversation around serious economic restructuring, not around eking out some victories around the margins, not about making life a little less worse for people, but about big time transformative change."

"People are ready to move to the streets, some because they're angry, some because they want justice right now, and some because they're tired of hearing about the tea party coming out."

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