Mormon Church’s incestment arm under investigation by SEC(wsj.com)
wsj.com
Mormon Church’s incestment arm under investigation by SEC
https://www.wsj.com/articles/mormon-churchs-investment-arm-under-investigation-by-sec-dca77f9
8 comments
Incest? I think it's a typo, as that is not a Mormon thing.
Well, not a Utah-Mormon thing.
I mean, not a Utah-Mormon-SLC-Official-The-Mormons thing.
I mean, at least not these days. Err...
Anyway, they seem to have been big fans of Gamestop and Tesla in the past. So, kind of a mainstream church in that way I guess you could say.
https://www.washingtonexaminer.com/news/lds-church-made-near...
https://markets.businessinsider.com/news/stocks/mormon-churc...
A big issue here is that the church is caught in a preparedness gambit. On the one hand, they feel they need a rainy-day fund. On the other hand, it's possible that due to latter-days ramifications, prophecies, and other frightening things, it may need to be a rainy-day fund the likes of which has never been seen before.
This collision of significant unknowns of course makes it difficult to quantify just why one would stockpile money to the tune of over $100B while effectively refusing to act in accordance with the common expectations of a charitable organization.
Well, not a Utah-Mormon thing.
I mean, not a Utah-Mormon-SLC-Official-The-Mormons thing.
I mean, at least not these days. Err...
Anyway, they seem to have been big fans of Gamestop and Tesla in the past. So, kind of a mainstream church in that way I guess you could say.
https://www.washingtonexaminer.com/news/lds-church-made-near...
https://markets.businessinsider.com/news/stocks/mormon-churc...
A big issue here is that the church is caught in a preparedness gambit. On the one hand, they feel they need a rainy-day fund. On the other hand, it's possible that due to latter-days ramifications, prophecies, and other frightening things, it may need to be a rainy-day fund the likes of which has never been seen before.
This collision of significant unknowns of course makes it difficult to quantify just why one would stockpile money to the tune of over $100B while effectively refusing to act in accordance with the common expectations of a charitable organization.
Uhh, yeah... That's more of a slide that under the utah mainstream culture rug and ignore it as much as possible kinda thing.
If anyone cares to pay attention to the shade that the mormon culture gives to lowlife mormonism groups around Utah you'll find very quickly Incest goes very very deep in lots of subcultures in Utah.
INCEST IS a HUUUUUGE problem in Utah.. as in THOUSANDS of inbred in Utah all in the Salt Lake Valley.
Just that nobody cares to pay attention to it long enough because its too gross to admit it stems from a mormon fundamentalist origin
If anyone cares to pay attention to the shade that the mormon culture gives to lowlife mormonism groups around Utah you'll find very quickly Incest goes very very deep in lots of subcultures in Utah.
INCEST IS a HUUUUUGE problem in Utah.. as in THOUSANDS of inbred in Utah all in the Salt Lake Valley.
Just that nobody cares to pay attention to it long enough because its too gross to admit it stems from a mormon fundamentalist origin
[deleted]
Well that's an unfortunate typo in the title.
When autocorrect reveals too much…
https://newsroom.churchofjesuschrist.org/article/church-issu...