Oct 21, 2010
Season 3 Episode 1
Every leading indicator - unemployment, income, wealth, educational attainment, home ownership and foreclosures - demonstrates that the African-American financial foundation is crumbling at rates that are comparatively worse than other segments of the U.S. population. "Almighty Debt: A CNN Black in America Special" is told through experiences of members of the First Baptist Church of Lincoln Gardens, New Jersey, and explores how an institution central to African-American communities for generations is helping its 7,000 parishioners survive the worst financial crisis since the Great Depression. "Almighty Debt" introduces viewers to the Rev. Dr. DeForest "Buster" Soaries, who believes "debt is the new slavery" and follows him as he attempts to invoke faith to fight debt from his pulpit. The church's community development corporation struggles to help desperate homeowners save their homes from foreclosure and the unemployed find work. The youth ministry assists students with financial aid applications. But can this church help ensure better futures in a time of new financial challenges?