Rev. Jackson pitches stimulus plan in SF

October 20, 2009 4:09:47 PM PDT
The Reverend Jesse Jackson says helping American homeowners avoid foreclosure is the civil rights struggle of this era.

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Jackson called for a second government stimulus package during a stop in San Francisco Tuesday. He is also pushing a five-point plan to help make it easier for poor and working-class Americans to get the funds they need to save their homes.

"We put out trillions of dollars to bail out the banks and they've used their monies to buy up smaller banks, to horde capitol, and not to lend," he said Tuesday. "It's time for a fundamental change."

The five-point plan calls for both private and public sector changes highlighted by an across-the-board interest rate reduction on all residential mortgages.

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