Wednesday, October 05, 2011

HT Scotteriology: Crystal Cathedral Bankruptcy

http://scotteriology.wordpress.com/2011/10/05/crystal-cathedral-bankruptcy/

I'd read about news of this megachurch going bankrupt in the wake of political battles amongst Schuller's offspring over who would control the empire.  Turns out the empire is bankrupt. 

I had no idea about the 4k raised in the face of 50 mil in debt, though.  That was astonishing.  When I first read Scotteriology's blog post opener "put on your surprise faces" I figured, "Yeah, whatever, I probably won't be surprised."

Boy was I wrong!  $4,737 of $50,000,000 is a majestic case of what is in some biblical parlance known as "missing the mark". 

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