Story Comments

How about simply allowing people to access thier 401k money. I mean beyond the hardship/make my last two payment type withdrawell. We should be able to get that money, pay the 10% fine(or not), pay the income taxes on it and
improve the situation so one could weather the storm.
I have bean hearing of people leaving very good jobs so they can get the 401k money and save the house. They must have confidence that they will land a good job again, but I couldn't do that. Why is this not discussed at all?. I mean it seems like even the presidential candidates don't talk about it. I get the fealing Washington is up to something that we all will struggle to get though.

Everyone knows that predatory lending happened. Countrywide and others could not sell these vehicles in other neighborhoods. It is amazing to me that still no solution is available even is this forum. Not that Mr.Jackson is the spokeperson but if he does not say it who will? I have no economic degree nor do i think you need one to understand how money works. This money of ours is not working. I say drop your subscrIption, bash Mr.Jackson and still you have a problem. How many bashers came to these same neighborhoods help inflate the values,rape the inflated equity and run to the burbs. No wonder this presidental election is up in the air. NO SOLUTIONS TO AMERICAS ILLS.

To previous commentor 'uograd'. Since you describe yourself as 'a priveleged white male of 63 years', why don't you give Jesse Jackson a check for $100,000 and trust him to help the plight of those minorities that are caught up in the subprime lending mess. You did say 'we all need to pitch in and lend a helping hand'. You won't and you know it. Deep down you don't trust Jesse Jackson just like the rest of us. Your words are just that - words. You're liberal views are are as transparent as you are.

We can try to live in isolation, but the world is too connected to do so. The problems of minorities are our problems too. Do you think spending billions of dollars in Iraq is solving any problem? The money spent on building and maintaining our schools would have a deeper effect on our future. And yes, minorities need more help. We could institute aggressive mentoring programs, or we can ignore reality and pay for prison life later on. We all need to pitch in and lend a helping hand. And yes, I am a 'priveleged' white male of 63 years.

I can't believe I just wasted 10 mins. of my life on this article. Why don't we just turn to socialism while we're at it (sarcasm)?

WOW, Jessee Jackson, just the person I'd go to for financial advice. Oh wait a minute maybe if I was blackmailing, or shaking down some major corporation he could be helpful. I pay go money for my subscrIption, when I see this moron on TV I can exercise th greatest invention of the 20th Century, the remote control. On site such as this, if I see his inane financial analysis, I can exercise my cancellation options. Let's keep the analytical commentary to the real professionals.

Why would anyone be interested in anything Jesse Jackson has to say. He is an out and out racist and should not be taken seriously. SmartMoney should be seriously questioned about why they are giving this nobody print space. He has no economic degree but pretends he forecast the economic future. Please!!!!