Jesse Jackson to poor: buy DELL!

Enrique Diaz-Alvarez enrique at
Tue Feb 9 09:34:28 PST 1999

The Rev. Jesse Jackson says religious leaders must help teach the poor about stocks, bonds and mutual funds so they can catch a ride on Wall Street and not take a chance on the lottery or a roll of the dice.

"We expect to see ministers in the ministry and the marketplace," the civil rights leader said this week.

Jackson, president of the Chicago-based Rainbow/PUSH Coalition, detailed his initiative during a news conference at the United Theological Seminary.

Jackson said he would like to see 1,000 churches organize investment clubs, tapping into the knowledge of bankers and others in their congregations to educate people in debt about the "capital finance culture" and the language of the market.

The poorest people spend the most on chance because they feel they do not have a choice," he said. "At the time of a bull market, they choose a bear lottery."

Jackson said the investment clubs would teach people "to read the stock page, not just the sports page."

-- Enrique Diaz-Alvarez Office # (607) 255 5034 Electrical Engineering Home # (607) 272 4808 112 Phillips Hall Fax # (607) 255 4565 Cornell University mailto:enrique at Ithaca, NY 14853

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