When Ekklesia pointed out that the Church of England appears to be involved in the dodgy market dealing it rhetorically condemns, the main point of our argument was that the churches have a golden opportunity to invest in something much more exciting.
The Church of England has been encouraged to "put its money where its message is", after revelations that its finance managers have been using the same aggressive tactics its archbishops yesterday condemned City traders for.
The Anglican archbishops of York and Canterbury have attacked short term action, greed, manipulation and the modern worship of money, in commenting on recent events that have worsened the global credit crunch.
The current economic crash is producing cries of pain, calls for "self-healing" and questions with a distinctly theological resonance, says Martin E. Marty. But do we really get the need to, er, repent?
Despite the global credit crunch, social entrepreneurs are continuing to invest in hope. Oikocredit – one of the leading financiers of microfinance – has decided to pay a dividend of 2% to its members for the 15th year in a row.