At a speech at Claremont McKenna to honor Martin Luther King Jr. in mid-January, the subject of Jesse Jackson Sr.’s new ire was the “banksters” — Wall Street fat cats, who are causing all of our problems.
 
Naturally, Jackson ignored his own role in housing crisis. That he made his argument against banks at one of the schools that produces the most investment bankers in the country did not go unnoticed – however. Those hoping to listen to watch his entire speech can watch it here.
 
Jackson decried the “biggest shift of wealth in American history in the last 9 months.” He assailed Obama’s so-called spending freeze. “We’ll freeze the rich in their wealth and the poor in their poverty. . . . Freeze? They have already frozen modifications of home foreclosures.” And he applauded Roosevelt’s “direct investment in the poor” and for “breaking up their ability to be indifferent to the poor.” “Banks serve at the privilege of the state and their mission is to lend and invest,” he said, not presumably to get paid back.