jesse jones and the r f c had to make the loans to industry. >> why was jessie jones appointed head of the r f c? >> hoover saw what he had done in houston. your castrated a bank rescue that prevent all the banks of houston from failing during the great depression. the got all the business leaders together and convinced them to create a pool of funds to stabilize these tottering banks. jones knew if they collapsed bank not just in houston but in three or four states would shut down because smaller banks kept these deposits in larger banks in houston. i think hoover stop this community-based efforts where the citizens of the community gathered to save their banks and hoover liked that kind of community-based volunteer action. the trouble was it could not be duplicated nationwide to solve the great depression. >> jesse jones was the chairman of the democratic finance committee. >> 1924-28. >> appointed by herbert hoover. >> it was a bipartisan board. jones was one of the democrats on the bipartisan board and also good friends with john garner who was speaker of the house and he recommend

jones, thank you for that report. we look forward to seeing you a bit later on this morning. earlier i talk to one of the members of king's inner circle, the reverend jesse jackson and i asked him about the moment when dr. king thought about briefly quitting the civil rights movement. watch. >> he was under so much pressure. once he took on the vietnam war, he was so bitterly attacked by the press, by civil rights organizations. before we went to memphis, "i thought about quitting and maybe i should stop. i've done a lot in 13 years." he said, "i thought if i would fast to the point of death my friends would come to my aid and we could regroup our coalition. he said we got to turn the minus into a plus. it was kind of like jesujesus, prayed and slept. he went through the same kind of dramatic rhythm. >> coming up later in the hour, my conversation with one of the first donors to the monument. surprising but true, it is actually designer tommy hilfiger. >>> coming up on "state of the union" with candy crowley, dr. king's friend and confidant, georgia congressm john lewis. >>> the occupy wall street movement against big banks, corporate greed sparked arres