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Where is church amid Wall Street greed?
More articles on this topic: Church and CrimeBy DAVID WATERS
Scripps Howard News Service
July 24, 2002
http://www.texnews.com/shns/story.cfm?pk=FAITH-FAITH-07-24-02&cat=LR
Brother Greenspan sounded more like a professor than a preacher last week when he testified on sin and the stock market.
His big, heavy words, carefully weighed and measured, seemed barely able to crawl out of his mouth.
Still, everyone listened. Brother Greenspan was speaking truth to power.
“At root was the rapid enlargement of stock market capitalizations in the latter part of the 1990s that arguably engendered an outsized increase in opportunities for avarice,” Greenspan said.
Hello.
“An infectious greed seemed to grip much of our business community.”
Preach, brother.
(…)
Alan Greenspan, chairman of the Federal Reserve, was giving his semiannual report on the economy to the Senate Banking Committee. He blamed corporate greed for Wall Street’s woes.
Greenspan, known more for his substance than his style, was issuing a statement in a hearing room, not delivering a sermon from a pulpit.
Too bad. Even corporate robber barons go to church.
Ken Lay, former Enron CEO, is a member of First United Methodist Church in Houston. So are other former Enron executives.
“Many, if not most, are very solid, churchgoing, community-minded people,” Rev. Steve Wende told United Methodist News Service.
Tell that to the thousands of laid-off Enron employees and to all the investors who lost millions of dollars when the company’s stock crashed.
Bernie Ebbers, former WorldCom CEO, teaches Sunday school and helped raise $1 million at Easthaven Baptist Church in Brookhaven, Miss.
“He’s probably the most unassuming member of this congregation,” Rev. Bendon Ginn told the Jackson Clarion-Ledger.
Tell that to the 17,000 WorldCom employees who may lose their jobs and to all the investors who lost millions of dollars when the company’s stock crashed.
In this age of Wild West capitalism, the church can’t be prophetic if it’s not talking about profits. The church can’t sit quietly, eyes closed, hands folded, while some of its own members get rich - not just by making profits but by faking profits.
In his book “The Powers That Be,” theologian Walter Wink called
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