"…At the end of the day, as a result of this global economic crisis, there will be more legislation and more regulation, but there will not be a mortgage police, or consumer lending police, watching over individuals and families as they make the most critical and pressing decision of their financial life (such as purchasing a home). Individuals must become their own best protector of their family’s assets and financial well-being.  Accordingly,  the only mid-to-long term strategy with “legs” and real potential for change, is a massive cultural shift wherein financial literacy becomes a part of the basic global value system. It is critical to incorporate financial literacy education and financial literacy empowerment, or what I call financial literacy 3.0, into future economic reform discussion and recommendations, both here in the U.S. and abroad, to ensure that individuals have the tools to empower themselves. Confident, informed individuals will be the foundation of long term global stability, and financial literacy is the path forward to sustainable levels of consumer confidence."

John Hope Bryant, in a letter to our new U.S. Treasury Secretary Timothy Geithner

Bryant is the founder, chairman and CEO of Operation HOPE


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