Quote:
Could you please back that up That the Church Of Jesus Christ Of Latter Day Saints Bailed them out? And if so who did it? That I would like to see.
I don't know what the back story is on that matter, even if there really is a back story, or if this is just an Urban Ledgend!!But I do know that LDS does invest in different companies, and it is very active in real estate investment as well.
I'm no fan of The Mormon Church, and I'm sure as Hell no fan of CRE, but if the LDS Church saw an investment opportunity in a company or a corporation, especially one that is directed by Mormons, then it seems reasonable enough that they would pursue it.
Reason why I ask is to squelch a half truth. In no way shape or form Would that church invest in that company or any other company. Now a member that might have capital to invest might do so. Much like a Baptist might invest in Covanant trucking but not the Baptist church. So thats a falsehood. Now the owner I have heard was Excomunicated from the Church But I don't know if thats true or not.Originally Posted by littleman2
Could you please back that up That the Church Of Jesus Christ Of Latter Day Saints Bailed them out? And if so who did it? That I would like to see.
I don't know what the back story is on that matter, even if there really is a back story, or if this is just an Urban Ledgend!!But I do know that LDS does invest in different companies, and it is very active in real estate investment as well.
I'm no fan of The Mormon Church, and I'm sure as Hell no fan of CRE, but if the LDS Church saw an investment opportunity in a company or a corporation, especially one that is directed by Mormons, then it seems reasonable enough that they would pursue it.