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Kudos to Russell Simmons. The hip-hop mogul is working to spread financial literacy through his non-profit Hip-Hop Summit Action Network.

Far too many Americans are financially illiterate, especially young people. The subject simply isn’t taught in many schools. Thirty percent of black households are “unbanked.” That’s disgraceful, and it needs to change.

Here’s video of Simmons ringing the opening bell on the Nasdaq.

Posted by edelfenbein at September 18, 2006 7:39 AM