07-19-2007, 01:17 PM | #11 |
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The liquidity affects your ability to handle a short-term cashflow crisis. By the same token, the probability the church has that type of problem is pretty low.
Certainly, banks and and insurance companies have very real issues with having sufficient liquidity. |
07-19-2007, 01:26 PM | #12 | |
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07-19-2007, 01:46 PM | #13 |
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Way back when the Church kept donated securities. Based on observations I have made they stopped doing that in the late 80's. I would guess they have done that because they are not flush with cash, but have great needs for cash. The building projects they take on every year has to involve a huge amount of money.
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07-19-2007, 01:47 PM | #14 | |
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Not only a Stake Center, but also the mission home, was on that property before being demolished for the temple. An interesting note about the Hong Kong Temple. Unless things have changed over the last 20 years, it is the only temple I know of that is within a couple of blocks of a few high class whorehouses. Always made going from the subway to the mission home interesting. |
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07-19-2007, 02:32 PM | #15 | |
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07-19-2007, 05:59 PM | #16 | |
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It also depends upon which corporation one looks at.
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Ἓν οἶδα ὅτι οὐδὲν οἶδα Last edited by Archaea; 07-19-2007 at 06:04 PM. |
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07-19-2007, 06:01 PM | #17 | |
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07-19-2007, 06:08 PM | #18 | |
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By the way, noting that the LDS Church has temples on expensive real estate in places like Hong Kong doesn't of itself impress me. Once a person or organization gets beyond taking care of basic needs wealth becomes much about relative wealth. Of course the LDS Church is more wealthy than most individuals or organiztions. But how rich is the LDS Church compared to the Metropolitan Museum (which is endowed), the New York Public Library? Without establishing come comparative benchmark with other non-profit organizations the point that the LDS Church has $x bilions or $x hundreds of millions saved up is meaningless.
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07-19-2007, 06:17 PM | #19 |
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Personally, I have no problem with the church having billions in a mostly conservative, diversified portfolio.
You appear to have a problem with it. Why? P.S. The church has over $3B in assets to back the liabilities for Beneficial Life alone. Last edited by Indy Coug; 07-19-2007 at 06:21 PM. |
07-19-2007, 06:20 PM | #20 |
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