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Jonathan Jackson Says the NFL's "Rooney Rule" Should Be Applied to Wall Street Firms

February 7, 2009

Calls for Diversifying Wall Street Leadership as he Keynotes the Rainbow PUSH Saturday Morning Forum

While Congress prepares to launch yet another multi-billion dollar stimulus package in hopes of reviving the suffering economy, Jonathan Jackson, national spokesman for the Rainbow PUSH Coalition, keynoted the live, international broadcast of the Rainbow PUSH Coalition’s Saturday Morning Forum suggesting that US financial institutions take a lesson from the National Football League.

“What can the NFL teach Wall Street?” asked Jackson. “That maybe they should start instituting the Rooney Rule.”

The Rooney Rule, established in 2003, requires NFL teams to interview minority candidates for head coaching position. “At least consider an African-American, consider a woman, consider a minority,” he said. Quit recycling CEOs”.

Jackson warned that if corporations continue to fill executive positions with the same breed of candidates, the economy will only continue to spiral downward and struggling citizens facing home foreclosures will be hit the hardest. “

Those that are making money cannot care less about saving jobs and homes for the poor.”

US Senators will vote this coming Tuesday on President Barack Obama’s massive economic recovery plan. The plan, which has already been passed by the House, has received major criticism from Republican officials.

Rainbow PUSH Coalition leaders continued to express their dissatisfaction with Mayor Daley’s appointment of Ron Hueberman, new CEO of Chicago Public Schools. Concerned parents and community members were encouraged to attend a Tuesday evening education meeting at Rainbow PUSH headquarters.

“A lot of folks said this was a done deal,” said Rev. Gregory Livingston “They also said Jim Crow was a done deal and slavery was a done deal. But this is not a done deal. This won’t be a deal until we are in it”.

The Rainbow PUSH Coalition and the Citizenship Education Fund will host their 2009 annual conference, themed “A More Perfect Union -- Targeted Stimulus: The Key to Reconstruction” June 27–July 1 at the Hyatt McCormick Place at 2233 S. Martin Luther King Jr. Drive in Chicago.

Rev. Jesse L. Jackson Sr., founder and president of the Rainbow PUSH Coalition, was absent from this morning’s broadcast due to a speaking engagement in Panama.

Saturday Moring Forum airs at 10 a.m. CST on the Word Network, CAN-TV and WJYS.

The Rainbow PUSH Coalition is a progressive organization protecting, defending and expanding civil rights to improve economic and educational opportunity. The organization is headquartered at 930 E. 50th St. in Chicago. For more information about the Rainbow PUSH Coalition, please visit www.rainbowpush.org or call (773) 373-3366.