Wednesday, October 05, 2011

HT Scotteriology: 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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