This may not be as bad as it sounds on the surface, and, it presents the opportunity to give working people a basic economic education. It all depends on who teaches the courses and what guidelines are set!
Your email pal,
Tom L.
Enrique Diaz-Alvarez wrote:
> 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."
>
> --
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