Tag: bailout

Revaluation of Debt

I could title this post “The Jubilee Factor” because it is a simple observation about the teaching of the biblical Jubilee and how it speaks to the current world financial crisis. So, what is the Jubilee? The Jubilee year (Leviticus…

The Madoff Scandal

So, Bernard Madoff pled guilty and will go to jail. Not only do we taxpayers have to pay for his crime, but now we have to pay for his food and rent for the rest of his life. But that’s…

Putridity

Something is very wrong, and the “authorities” are unlikely to fix it. Ostensibly, it is a financial crisis, and the financial world is surely a wreck. But the question we haven’t dealt with yet pertains to the kind of crisis…

Fed Cred

Ad fontes—to the source! “Holy Cow, Batman! What about the credit crisis?” “Well, Robin, it’s not really about money.” “Not about money?! Then what is the problem?” “Some say it is a credit crisis. Some say its a lack of…