Posted on 10/27/2012 2:27:27 PM PDT by Steelfish
Archbishop of Canterbury Contender Criticizes Banks The frontrunner to become the next Archbishop of Canterbury has accused banks of having “no socially useful purpose” and being “exponents of anarchy” in a speech warning that the battered financial services industry cannot be repaired.
Bishop Welby is a former oil executive who has been a prominent critic of corporate excesses By Graham Ruddick 7 Oct 2012
The Rt Rev Justin Welby, Bishop of Durham, says the sector must be rebuilt “from the ruins” of the financial crisis to become something that “helps people rather than being there for people to help it”.
Bishop Welby, who is a member of the Parliamentary Commission on Banking Standards, called for the introduction of formal banking qualifications, for the Government only to only support financial institutions that have a “clear and explicit social value”, and to offer an easier tax regime and lighter regulation for banks that demonstrate a “social purpose”.
Speaking at a conference in Zurich, Switzerland, Bishop Welby said: “At the moment clearly these are merely ideas in the mist. "But one principle seems to me to be clear, we cannot repair what was destroyed in 2008, we can only replace it with something that is dedicated to the support of human society, to the common good and to solidarity.
"Financial services are crucial to human development, but they only do their job when the work they carry out is done in a way that is truly a service."
(Excerpt) Read more at telegraph.co.uk ...
How many members does the Anglican Church have? Gays only?
Sigh—I didn’t leave the Anglican/Episcopal church, it left me.
Me too.
It’s the opposite—apparently the Church of England is the in house rep for OCCUPY City of London. So the new archbishop should be called Occupy Canterbury. What a maroon. There would not be a Church of England without the Bank of England.
As usual with this sort of thing, I agree but for opposite reasons.
Banks serve no socially useful purpose? They may be open to criticism, but that’s just silly.
Banks serve no useful purpose?
Didn’t Jesus condemn the guy with few talents, because he his his money and didn’t even bother to invest it in a bank to get interest?
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