Operation HOPE and Greenlining Institute predict subprime mortgage crisis in 2005
In May, 2005, my friend Bob Gnaizda, Esq., then general counsel of the Greenlining Institute, and I co-authored a piece which "predicted" the coming sub-prime mortgage crisis in America. The piece was entitled the coming "ARM Race Could Set Off a Wave of Foreclosures," and was universally ignored by business and financial service leaders. Now, the world sings to a different tune.
Let's make sure this crisis doesn't go to waste.
John Hope Bryant is founder, chairman and CEO of Operation HOPE, bestselling author of LOVE LEADERSHIP: The New Way to Lead in a Fear-Based World (Jossey-Bass), and a member of the U.S. President's Advisory Council on Financial Capability for President Barack Obama