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Prosperity Gospel Blamed for Subprime Hell

Belief that God bestows riches may have duped faithful into dodgy mortgages

By Rob Quinn, Newser Staff

Posted Oct 4, 2008 8:14 AM CDT

(Newser) – A fast-growing strain of Pentecostalism may have made its followers victims of the credit crisis by preaching that God's hand was behind dubious mortgages, Time reports. "Prosperity Gospel" preaches that God will "make way" for the poor to gain wealth, making believers easy... Read full story »

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Prosperity Gospel Blamed for Subprime Hell

Belief that God bestows riches may have duped faithful into dodgy mortgages

Christianity • subprime mortgages • housing crisis • Pentecostals • Protestantism • foreclosures

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Bush Readies Mortgage Bailout

Aid plan would back new loans for homeowners in 'upside-down' mortgages

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Republicans say plan to aid homeowners would inflame crisis, hurt lenders

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Says taxpayers shouldn't finance 'bailouts' for reckless lenders and borrowers

Negative Equity Adds Another Crippling Factor

Forbes examines pitfalls of having a loan worth more than home

Calif. Budget Falls Prey to Housing Crisis

Governator orders across-the-board cuts as deficit nears $10B

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