LET’S FACE IT. Wall Street big wigs aren’t the only ones responsible for the sub-prime lending scandal and the home foreclosure crisis. The Prosperity Gospel played a role too.
During the height of the real estate boom, the Prosperity Gospel was also in an upswing. Some preachers were encouraging their congregations to “step out on faith” and to buy the homes they wanted even if they couldn’t afford it. Just “Name It and Claim It” they said.
Unfortunately, many Christians took that message to heart. The result? Their homes ended up in foreclosure. In the video I delve into the relationship between the Prosperity Gospel and the home foreclosure fiasco.