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Christianity Today, September (Web-only), 2008 |

Christian Financial World Sees Silver Lining in Banking Mess

Firms have generally avoided debt and speculative practices, experts and insiders say.

Ken Walker | posted 9/29/2008 07:24AM

With this year's battering of Wall Street financiers, Christian-owned banks, credit unions, and investment houses are looking like a safer place for investors and ministries to park their money.

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karl	Posted: October 01, 2008 9:10 AM


RE: intelligent discussion; This article is about how people are reacting to the crisis. It is more than an honor that people are moving their money to a 'Chistian' financial institution, it is reality. This article suggests that not all people are relying on Washington to make all the decisions. They are using theirr God given mind to chose the best place to weather this storm.

Redfox

Posted: September 30, 2008 8:22 AM

Bravo for allantlg's intelligent commentary. Christians are not immune to the realities of a Global Economy, any more than we are an isolated proto-Communist group as depicted in Acts. Not since the time of Constantine can we claim to be 'not of this world'. Almost every Christian watches TV, buys well marketed worthless trash and so on - exactly like everyone like. Assuming the current economic crunch continues to gain momentum (while 'Nero' fiddles and postures), many wonderful Christians will lose their jobs and personal wealth - exactly like everyone else. Where will Christian business find the means for continued prosperity? This is no Lesson, only hollow rhetoric! Greed has been the catalyst for the economic mess we find ourselves in - our greed, Christian, nominally Christian and non-Christian alike.

allantlg

Posted: September 29, 2008 7:18 PM

This reads as a lesson? What is the lesson? If the United States dollar becomes worthless it will be just as worthless in a Christian bank as a non-Christian bank. This has nothing to do with the mortgage or loan issues. It is a systemic restructuring of the global financial system due to the digitizing of money, it's structure and the interaction between nation states. Even the Christian banks are dependent on the Federal government to keep enough liquidity in the banking system for the banks to be able to function. What does that do to all of the Christian businesses that need a "Line of Credit" to operate on while they execute their sales? Then there is the possibility that the US government could not have enough ability to maintain that liquidity to cover all of the debt. Then what? Let's have a real, intelligent discussion about the economic situation rather than a Christian "rally around the flagpole" of conservative Christianity moment.

George T.

Posted: September 29, 2008 3:19 PM


Truly timely. It should be read as a "lesson."

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