God and Mortgages?

3 Oct

Has the so-called Prosperity Gospel turned its followers into some of the most willing participants — and hence, victims — of the current financial crisis? That’s what a scholar of the fast-growing brand of pentecostal Christianity believes. While researching a book on black televangelism, says Jonathan Walton, a religion professor at the University of California Riverside, he realized that Prosperity’s central promise — that God would “make a way” for poor people to enjoy the better things in life — had developed an additional, toxic expression during sub-prime boom. Walton says that this encouraged congregants who got dicey mortgages to believe “God caused the bank to ignore my credit score and blessed me with my first house.” The results, he says, “were disastrous, because they pretty much turned parishioners into prey for greedy brokers.” Read more

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2 Responses to “God and Mortgages?”

  1. Luke Holzmann October 6, 2008 at 16:35 #

    Oh my, that makes a lot of sense. It’s scary when people start using religious ideas rather than God-given wisdom to dictate their actions. Ugh.

    ~Luke

  2. lynhallewell October 7, 2008 at 20:30 #

    Yes, definitely! Thanks for the link btw 🙂

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