Thursday, September 25, 2008

What would Jesus short?

From FT Alphaville:

Or perhaps more appropriately: Money lenders in the temple?

From PA:

CHURCH OF ENGLAND ACCUSED OF SHORT-SELLING TACTICS

By Paula Fentiman, PA

The Church of England was accused by a think-tank today of using short-selling tactics to maximise profit on its £5 billion investments.

Ekklesia weighed into the debate on the ethics of financial investments and stock market speculation in response to comments made by senior clerics in the wake of the recent banking crisis.

Archbishop of York Dr John Sentamu branded the traders who cashed in on falling share prices in troubled bank HBOS as “bank robbers” and “asset strippers”, while Archbishop of Canterbury Dr Rowan Williams called for fresh scrutiny and regulation of the financial world....MORE