Monday, October 18, 2010

Crystal Castles

For someone all power, all perfect, all wise and all knowing, you'd perhaps think God could balance a checkbook, too. Apparently he can't, or at least many of his followers can't, not with the bankruptcy of the Crystal Cathedral announced today, some $55,262,308 in debt.

How is it that this organization can be protected by bankruptcy law yet their 40-acre campus is [presumably] exempt from property taxation, huh?

And you thought bankers were bad? Here we have a ring that has an immediate ~xx% advantage against tax-paying enterprises and still it can't manage itself financially. One more? OK, how about all that right-wing fiscal-responsibility banter -- you think that mantra can be heard echoing off those crystal ceilings?

You talk about a racket...holy shit.

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