Prosperity Gospel and the Mortgage crash

This article shows the damage that can be done in the name of the “Prosperity Gospel”.  How many people who could never have afforded to own their own home are now bankrupt because they overextended themselves in the name of prosperity.

How many of these pastor that push the message that you need more and more will now come out and say they were wrong in that we need more material wealth instead of spiritual wealth.

Prosperity’s central promise — that God will “make a way” for poor people to enjoy the better things in life — had developed an additional, dangerous expression during the subprime-lending boom. Walton says that this encouraged congregants who got dicey mortgages to believe “God caused the bank to ignore my credit score and blessed me with my first house.” The results, he says, “were disastrous, because they pretty much turned parishioners into prey for greedy brokers.”

The pastor’s not gonna say, ‘Go down to Wachovia and get a loan,’ but I have heard, ‘Even if you have a poor credit rating, God can still bless you — if you put some faith out there [that is, make a big donation to the church], you’ll get that house or that car or that apartment.


2 Responses to Prosperity Gospel and the Mortgage crash

  1. RavingPente says:

    Hi wakey74. Very interesting article. The premise goes hand in hand with the vulnerablility of prosperity driven congregations to developers at times,, when they invest in a ‘God-given’ opportunity, using faith as the pretext to ignore risk.

    Whatever happened to seeking wisdom, rather than ‘blind’ faith?

  2. wakey74 says:


    Thanks for responding to the article, someone had to be the first.

    Seeking wisdom and the prosperity gospel really don’t go hand in hand do they. We have seen too many times at both versions of Singposts how many people only hear what they want to hear and in this case it is more money and bigger houses

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