-Caveat Lector- [Rico? --MS] <http://www.nypost.com/commentary/22075.htm> JACKSON'S STOCK DROPPING ON WALL ST. LIKE A FAILED DOT-COM Tuesday,January 23,2001 By ROD DREHER IT TOOK only three days for Jesse Jackson to be "healed" and to return to public life. A miracle? Heck, no! After all, the man has a lucrative franchise to protect. But he may need divine intervention to keep Jesse Inc. afloat in the wake of his sex scandal. Informed sources from the financial world, as well as a former top Jackson insider, are saying that Jackson's high-flying dalliance with corporate America is in trouble. Why? Jesse's handling of the mess with Karin Stanford, the mother of his love child, is severely tarnishing Jackson's image among business leaders, and causing black leaders to keep him at arm's length. While he was supposed to be taking time off to "heal," sources say Jackson phoned supporters in an attempt to orchestrate a "spontaneous" uprising of support. He was to be disappointed. Disgust with Jackson's behavior is also giving white-shoe financial types who have long felt taken advantage of in their dealings with Jackson an excuse for cutting him loose. "Members of the New York Stock Exchange are outraged," said one knowledgeable source. "They didn't want to have his [Thursday night] fund-raiser on the floor in the first place - and they have to pay for the whole thing." "The emperor has no clothes," said an African-American financial macher. "If you think [the Wall Street Project] is going to be here next year, you're crazy. They're going to run from him like the plague." Worse for Jackson's future, insiders speculate that journalists and possibly government investigators will feel emboldened to follow the Jesse Inc. money trail. They suggest the findings - Jackson's monetary relationship with California supermarket magnate Ron Burkle is said to be particularly interesting - will be tremendously unflattering to Jackson and many who have become financially involved with him. The knowledgeable source, an ex-Jackson intimate, was a supporter of the Wall Street Project - until he began to see it as a shakedown operation designed not to help black people, but to enrich Jesse Jackson. This source knows Stanford, Jackson's mistress and the mother of his baby, and feels she was preyed upon by Jackson. "He was her mentor, her minister, her counselor and her employer. He was everything to her, and he shouldn't have taken advantage of her," the source said angrily. Outraged former Jackson supporters said the civil-rights leader's benefactors should be asking where his girlfriend got the money to buy her new six-figure Los Angeles home, and her luxury car. The answer, one source said, could well be found in the records of Rainbow/Push Coalition's nonprofit Citizenship Education Fund, which claims to provide civic instruction to the poor and disadvantaged. But it is Jackson's alleged infidelity to the interests of black America that really riles the sources I spoke with yesterday, who would only talk if their names weren't used. "Jesse came to Wall Street with some great ideas and principles," said a black former supporter. "Along the way, Jesse found greed, and found that it was easier to make money on a transactional basis. "He is lowering the veil of ignorance on the economic progress of black America." The ex-coalition insider said that when he was involved with the organization, he began to worry that the kind of "extortionist" operations Jackson was carrying out against corporations could violate RICO statutes. "I consulted with several lawyers," he told me. 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