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Part 1 – Almighty Debt: A Black in America Special…

October 14, 2010 by  
Filed under Money, News, Weekly Columns

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(ThyBlackMan.com)  – Almighty Debt: A Black in America Special (AIRS OCT. 21 on CNN), told through the 7,000-member First Baptist Church of Lincoln Gardens, New Jersey, explores how an institution central to African-American communities for generations is helping them survive the worst  financial crisis since the Depression. Every leading indicator – unemployment, income, wealth, educational attainment, homeownership and foreclosures – demonstrates that the African-American financial foundation is crumbling.

CNN anchor and special correspondent Soledad O’Brien introduces viewers to Rev. Dr. DeForest ‘Buster’ Soaries who believes ‘debt is the new slavery’ and follows him as he attempts to fight debt from his pulpit. The church’s community development corporation struggles to help desperate homeowners save their homes from foreclosure. The youth ministry assists students into college and with financial aid applications. But can this church ensure better futures as a younger generation starts down the path of financial debt? Will they succeed? Viewers see inside one church as the pastor and his members worship together, and struggle to meet new challenges… And changes.

In the clips below, Bishop T.D. Jakes and Pastor DeForest Soaries explore why there is a wealth gap between blacks and whites and why African American males NEED higher education.

Part 1;

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Comments

2 Responses to “Part 1 – Almighty Debt: A Black in America Special…”
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