When Spiritual Investments Go Bust


| 6/22/2009 4:04:12 PM


Abandoned ChurchSound financial advice loses some power when you believe that God is pushing you toward a sub-prime loan. In the midst of the economic crisis, there has been “a steady increase in church bankruptcies and foreclosures,” according to Religion & Ethics Newsweekly. Churches are cutting back hours, laying off staff, and struggling for ways to stay afloat financially.

Churches placed their faith in the market, just like everyone else, real estate broker Eric Knowles told Religion & Ethics Newsweekly. Religious leaders, though, have an extra trump card. When Knowles advises against risky loans, pastors have said to him, “I understand by earthly standards this will not work, but God has called me to do it.” And it’s hard to argue with that.

Source: Religion & Ethics Newsweekly

Image by Heated Ground Photography, licensed under Creative Commons.

Barb_5
7/8/2009 4:56:27 AM

Everything is well. Barb Scott [url="http://auctions.fastrealestate.net"]foreclosure auctions[/url]




Pay Now Save $5!

Utne Summer 2016Want to gain a fresh perspective? Read stories that matter? Feel optimistic about the future? It's all here! Utne Reader offers provocative writing from diverse perspectives, insightful analysis of art and media, down-to-earth news and in-depth coverage of eye-opening issues that affect your life.

Save Even More Money By Paying NOW!

Pay now with a credit card and take advantage of our earth-friendly automatic renewal savings plan. You save an additional $5 and get 4 issues of Utne Reader for only $40.00 (USA only).

Or Bill Me Later and pay just $45 for 4 issues of Utne Reader!




Facebook Instagram Twitter