August 5, 2019 - Dangerous Love

In a fascinating bestseller by Andrew Ross Sorkin, Too Big to Fail, which told about the 2008 financial crash that devastated the world economy, Sorkin depicted one telling moment.


“The numbers in that area were indeed worrisome,” he wrote. “Lehman Brothers was leveraged 30.7 to 1; Merrill Lynch was only slightly better, at 26.9 to 1. [Hank] Paulson knew intuitively that Wall Street’s leverage problem could not end well. He also knew that the firms would never rein themselves in; they were all blindly chasing one another. He always reminded himself of a remarkably telling question that Charles Prince, CEO of Citigroup, had asked him the year before at a similar dinner: “Isn’t there something you can do to order us not to take all of these risks?”


Isn’t there something you can do to order us not to take all of these risks? In other words, the greed that dominates these men and women is so powerful, so strong, so overwhelming that, basically, they can’t control themselves. Hence, one of the nation’s more powerful CEOs asks the government to force them to stop taking these risks!


What a powerful example of Paul’s words: “For the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows” (1 Tim 6:10). And in the case of the 2008 collapse, not only the greedy ones suffered but millions of others faced “many sorrows” because of that greed as well.


None of us are immune to it, this dangerous love of money. All we can do is, by the grace of God, through faith in Jesus, seek to subsume that love to the first and most important of all commandments: “And you shall love the LORD your God with all your heart, with all your soul, with all your mind, and with all your strength.” (Mark 12:30). If we do that, this dangerous love, though probably always pulling at us, will never dominate to where we need to ask for government—the government! —help to save us from it.

Recent Posts

See All

November 30, 2020 - Immanence and Transcendence

Most people with any knowledge of the Bible know the prophecy of Daniel 2. King Nebuchadnezzar has a dream and he asks his wise men, first, to tell him the dream that he had and, second, to interpret

November 23, 2020 - The Creeps

Abstract expressionist painter William de Kooning, who lived most of his adult life in New York City, spent one summer in the country. One night he and his wife were in the woods and saw a night sky f

November 16, 2020 - To Live In Eternity

Our lives, it seems, are run by the clock, by time. And yet, interesting enough, scientists aren’t even sure what time is. That is, not what time is it, but rather, what is time itself? This isn’t a n

COMING SOON

TO LLBN

CALL CENTER

MAILING ADDRESS

ADMINISTRATIVE OFFICES*

Walk-In Donations

 

MAIN STUDIO ADDRESS

Services Available: 

7 Days A Week

5:00 a.m. - 9:00 p.m. PT

TOLL FREE PHONE NUMBER

LOCAL PHONE NUMBER

PO Box 550

Loma Linda, CA 92354

 

11201 California Street, Suite F

Redlands, CA 92373

*Use this address for shipping

 

11327 Main Street

Loma Linda, CA 92354

  • youtube_icon.png
  • Wix Facebook page
  • Wix Twitter page
  • Pinterest Classic
  • LinkedIn Classic
  • _Instagram.jpg

All Donations Are Tax Deductible

Non-Profit 501c3

 

© 2013-2020 LLBN TV. All Rights Reserved.