In a broadcast that aired Sunday, the CBS television program
"60 Minutes" recycled four-year-old complaints about how The Church of Jesus Christ of Latter-day Saints handles its finances.But plain responses tend not to capture attention and drive TV ratings, especially during "sweeps" periods .
It's a plot twist seemingly too good to resist: a church which claims to care for the poor and follow Jesus — the same Jesus who taught it's harder for a rich man to enter the kingdom of God than a camel to fit through the eye of a needle — is secretly more interested in accumulating wealth and power. Any other explanations for the hard-fought financial stability of the faith is met with remarkably little journalistic curiosity.
Lost in this all, once again, are the actual purposes and uses of funds as members and leaders of the church understand them. As the whistleblower himself says during the CBS program, church reserve investments are more like a 401 , and the other funds are more like a checking account for ongoing operational expenses. But as any financial planner would tell you, perhaps aside from the whistleblower, you don't draw on your 401 except in the event of an emergency.
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