German Protestant Bishop accuses Deutsche Bank of idoltry
In a rare and testy public exchange between a prominent German financial institution and a religious leader, Deutsche Bank dismissed as “inappropriate” the remarks by Bishop Wolfgang Huber, chairman of Germany’s evangelical church council. ...
... Speaking to the Berliner Zeitung newspaper, Bishop Huber argued that bankers had a duty to look beyond the short term and to ensure stability: “Never again should a Deutsche Bank chief executive set a profit goal of 25 per cent.” Such goals drove up profit expectations to unsustainable levels and amounted to “a form of idolatry”, he said. “In the current circumstances, money has become a god.”
Wow, when was the last time you heard a Bishop talk like that? When was the last time an American editor was willing to quote Bishops who talk like that?