Religion Roundup
Anglican Leaders Criticize Financial Markets
Associated Press
September 26, 2008
LONDON - Britain's Archbishop of York says traders who drove down the value of a major British bank are simply "bank robbers and asset strippers."
Archbishop John Sentamu told a gathering of international bankers in London that financial markets had become an Alice in Wonderland world in which the value of a bank did not depend on its performance, but on the willingness of the government to bail it out.
Archbishop of Canterbury Rowan Williams echoed that grim assessment in a magazine article.
Williams and Sentamu are the top two officials in the Church of England, which has a worldly interest in financial markets. Its investments earned 268 million dollars in 2007, and church commissioners administer more than 10 billion dollars in assets.
Copyright 2008 by The Associated Press. All Rights Reserved.
A caring friend will be there to pray with you in your time of need.
