A reading from The Book of Bankruptcy. Churches Turn to Chapter 11

[sixmile]

http://online.wsj.com/article/SB122999261138328613.html
The auctioneer told the small crowd huddled outside the Talbot County Courthouse that the property would be sold "as is" -- rectory, bell tower, oak pews and rose-tinted stained glass windows included.

"Who gives $700,000, 700, 700?" he called out. One man, a representative for a local bank, raised his finger. The auctioneer tried in vain to nudge the price up. "Sold!" he cried. St. Andrew Anglican Church had just been bought by the bank that had started foreclosure proceedings against it.

"It's probably good for my soul to be taken down a notch," said the Right Rev. Joel Marcus Johnson, the rector of St. Andrew, after the auction.
snip
During this holiday season of hard times, not even houses of God have been spared. Some lenders believe more churches than ever have fallen behind on loans or defaulted this year. Some churches, and at least one company that specialized in church lending, have filed for bankruptcy. Church giving is down as much as 15% in some places, pastors and lenders report.
"We are seeing more stress in churches than we have in modern history," says Mark G. Holbrook, president and chief executive of the Evangelical Christian Credit Union of Brea, Calif., which specializes in lending to churches. The credit union has moved to foreclose on five of its 2,000 member churches this year, and Mr. Holbrook says he expects to take similar action against five more next year. Before now, it had foreclosed on only two churches in its 45-year history.

[Double T]

1. The only thing banks want to 'workout' is the ownership of our property.

[firedupdem]

2. Banks don't give a shit. They are in it for the money only! n/t

[Initech]

3. Yay, and the prophet Jehovah stood onto the hills and proclaimed "Sendeth me money!"

[sixmile]

4. Like George Carlin said

To paraprhase:

God is all knowing, all being, omnipotnent... but he's really bad with money...