Lawlessness
The Wolves on Wall Street Have Turned on Each Other
The money changers in the temple courts were similar to tax collectors in that they extorted money from their own people. They were more than ordinary businessmen. They were seeking to profit financially from the worship of God. Wherever passion and zeal are found, there will also be those who seek to profit from that zeal. Paul…
And the US Dollar’s Status as Global Reserve Currency?
These same money changers were associated with others who engaged in shady business practices in the temple courts. Some sold sacrificial animals, overcharging people who did not bring their own. Others were in charge of examining the animals to be sacrificed, and it was a simple matter to declare an animal “unapproved” and force the worshiper…
Share Buybacks Have Created a Dangerous Bubble in Wall Street Bank Stocks
Greed is a strong and selfish desire to have more of something, most often money or power. There are many warnings in the Bible about giving in to greed and longing for riches. Jesus warned, “Watch out! Be on your guard against all kinds of greed; a man’s life does not consist in the abundance…
The Criminal Case Against Merrill Lynch: “Sinister,” “Whores,” “Beards”
Many of the loans we are familiar with in modern times come from banks, and the Bible doesn’t say much about this. While the Bible does not prohibit the charging of interest, it does warn against becoming too concerned with money, telling us that we cannot serve both God and money at the same time…
Trust used to be a word associated with banks,not anymore!
The loss of the family home through foreclosure or bankruptcy can be a time of blessing for the family, a time when parents and children “close ranks” and become more keenly aware of their love for one another and the important things in life—faith, family and community—and less focused on material things that have no…
The Global Growth Slowdown Spells Trouble for Bank Stocks
Be Warned: The phrase “the time of Jacob’s trouble” is a quote from Jeremiah 30:7 which says, “Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble; but he shall be saved out of it” (KJV). In the previous verses of Jeremiah 30, we find that the Lord…
Deutsche Bank former CEO Jain under probe for dividend tax-stripping: Report
Greed and a desire for riches are traps that bring ruin and destruction. “The love of money is a root of all kinds of evil,” and Christians are warned, “Do not put your trust in wealth” (see 1 Timothy 6:9-10, 17-18). Covetousness, or having an excessive or greedy desire for more, is idolatry. Ephesians 5:5 says, “For of this…
Banks Get a Failing Grade on Guns and Banking!
Guns Down America, a gun-control advocacy group, has graded 15 banks based on their support for the gun industry, Tiffany Hsu of the NYT reports. Most received dismal appraisals. Advocacy group grades banks as failing on guns • “Six of the banks, including JPMorgan Chase and Wells Fargo, received failing grades. Citigroup earned the highest one, a…
Why Corrupt Bankers Avoid Jail
The phrase “reprobate mind” is found in Romans 1:28 in reference to those whom God has rejected as godless and wicked. They “suppress the truth by their wickedness,” and it is upon these people that the wrath of God rests (Romans 1:18). The Greek word translated “reprobate” in the New Testament is adokimos, which means literally “unapproved, that…
The Six Megabanks have not skipped a beat when it comes to committing fraud, market manipulation, and other abuses against their clients, investors, and the financial markets themselves.
Paul’s charge to us in Romans 13:8 to owe nothing but love is a powerful reminder of God’s distaste for all forms of debt that are not being paid in a timely manner (see also Psalm 37:21). At the same time, the Bible does not explicitly command against all forms of debt. The Bible warns against debt, and…