The Rev. Jesse Jackson called on Congress Saturday to ban campaign contributions from major financial institutions for members of financial oversight committees.No word yet on whether Jesse Jackson feels guilty about taking money from Freddie Mac and Fannie Mae.Also no word yet on whether Jesse Jackson is giving back Enron money.
President Bush, the Federal Reserve, the Securities Exchange Commission and congressional oversight committees are to blame for the recent financial meltdown, Jackson said in a telephone interview with The Associated Press.
Jackson called on oversight committee members to return campaign contributions from Wall Street lobbyists and firms, saying they can't take money from companies and industries they oversee and retain credibility as regulators.
"It's like a football team investing in referees," Jackson said. "In a close call in a tight game, how is the other team going to be confident they are getting a fair call?"
Saturday, September 20, 2008
The AP reports:
Posted by Steve Bartin at 7:17 PM