Today’s Economic Crisis is a Failure of Responsible Stewardship
February 18, 2009 by Staff report
Filed under Daniel Conway, Good Steward Newsletter, Spirituality of Stewardship
From Dan Conway’s The Good Steward, October 2008
“Today’s financial crisis is the result of poor stewardship:
- by banks and other financial institutions,
- by regulatory agencies and
- by governmental officials charged with the responsibility to serve and protect our nation and its institutions.
Greed, partisan politics and media hype do not promote good citizenship or good stewardship. When financial institutions and regulatory agencies fail to be responsible stewards of the public trust, government must intervene — to protect the common good. Massive bailouts should not be required. Sound principles, good judgment and responsible stewardship should be enough to protect what we invest. That’s what good citizens and responsible stewards have a right to expect. But when government fails to do its duty – to develop and oversee standards of care that are prudent, effective and just, then it’s time to return to basics (Stewardship 101) on Wall Street, in Washington, D.C., and here at home …”
