Church comments on SEC settlement

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MG 2.0
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Re: Church comments on SEC settlement

Post by MG 2.0 »

Doctor CamNC4Me wrote:
Wed Feb 22, 2023 5:23 pm
MG 2.0 wrote:
Wed Feb 22, 2023 5:09 pm


It depends. If these young families (and other folks) have a testimony of the restoration of the gospel and that the tithe brings blessings both to themselves and the church I don’t think there is much danger in them leaving the church. On the other hand, if they are cultural Mormons then you might have a point.

As I said earlier, another ‘wheat and chaff’ episode.

Regards,
MG
Tfw a Mormon refers to human beings as “chaff”.

Google, please define ‘chaff’:
1: the seed coverings and other debris separated from the seed in threshing grain

2: something comparatively worthless
Awesome proselytizing, you bozo.

- Doc
I’m referring to New Testament teachings:

But when he saw many of the Pharisees and Sadducees come to his baptism, he said unto them, O generation of vipers, who hath warned you to flee from the wrath to come?
8 Bring forth therefore fruits meet for repentance:
9 And think not to say within yourselves, We have Abraham to our father: for I say unto you, that God is able of these stones to raise up children unto Abraham.
10 And now also the axe is laid unto the root of the trees: therefore every tree which bringeth not forth good fruit is hewn down, and cast into the fire.
11 I indeed baptize you with water unto repentance: but he that cometh after me is mightier than I, whose shoes I am not worthy to bear: he shall baptize you with the Holy Ghost, and with fire:
12 Whose fan is in his hand, and he will throughly purge his floor, and gather his wheat into the garner; but he will burn up the chaff with unquenchable fire.
Jesus was a bozo?

Regards,
MG
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Everybody Wang Chung
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Re: Church comments on SEC settlement

Post by Everybody Wang Chung »

MG 2.0 wrote:
Wed Feb 22, 2023 5:43 pm

I’m referring to New Testament teachings:

But when he saw many of the Pharisees and Sadducees come to his baptism, he said unto them, O generation of vipers, who hath warned you to flee from the wrath to come?
8 Bring forth therefore fruits meet for repentance:
9 And think not to say within yourselves, We have Abraham to our father: for I say unto you, that God is able of these stones to raise up children unto Abraham.
10 And now also the axe is laid unto the root of the trees: therefore every tree which bringeth not forth good fruit is hewn down, and cast into the fire.
11 I indeed baptize you with water unto repentance: but he that cometh after me is mightier than I, whose shoes I am not worthy to bear: he shall baptize you with the Holy Ghost, and with fire:
12 Whose fan is in his hand, and he will throughly purge his floor, and gather his wheat into the garner; but he will burn up the chaff with unquenchable fire.
The Lord is going to use the church being fined by the SEC as a way to separate the wheat from the chaff?
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Daniel C. Peterson, 2014
MG 2.0
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Re: Church comments on SEC settlement

Post by MG 2.0 »

IHAQ wrote:
Wed Feb 22, 2023 5:24 pm
Doctor Steuss wrote:
Wed Feb 22, 2023 5:08 pm

The First Presidency, and Presiding Bishopric were the primary decision makers for the creation of the dishonest LLCs.

It might be beneficial to read the SEC documents.
MG2.0 Any thoughts on the post by Doctor Steuss and how it relates to your comments?
As I read the news article I referred to earlier:

https://www.deseret.com/u-s-world/2023/ ... -reporting

I didn’t see any evidence of nefarious intent on the part of the church leaders or Ensign Peak. It seems as though the financial advisors were trying to maximize profits within what they saw as the parameters of the law/code. As soon as the SEC brought the concerns that they had to the Ensign Peak folks they changed their investment and accounting practices immediately.

No harm, no foul.

You’re making a lot of hay where there is none to be made.

As much as you would like to escalate it.

You folks are talking as though you know the WHOLE backstory. You don’t.

Regards,
MG
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Doctor Steuss
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Re: Church comments on SEC settlement

Post by Doctor Steuss »

MG 2.0 wrote:
Wed Feb 22, 2023 5:51 pm
[As I read the news article I referred to earlier:

https://www.deseret.com/u-s-world/2023/ ... -reporting

I didn’t see any evidence of nefarious intent on the part of the church leaders or Ensign Peak. It seems as though the financial advisors were trying to maximize profits within what they saw as the parameters of the law/code. As soon as the SEC brought the concerns that they had to the Ensign Peak folks they changed their investment and accounting practices immediately.

No harm, no foul.

You’re making a lot of hay where there is none to be made.

As much as you would like to escalate it.

You folks are talking as though you know the WHOLE backstory. You don’t.

Regards,
MG
Again, It might be beneficial for you to read the SEC documents.
Fence Sitter
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Re: Church comments on SEC settlement

Post by Fence Sitter »

The stupidity of MG here is overwhelming. The church was not trying to maximize profits here. This has nothing to do with gain or loss. They were trying to hide who owned the money from public view, especially from members themselves so members would not realize how much filthy lucre its great and spacious leadership actually controlled.

This isn't about money, this is about control. Looks like it is working for rubes like MG.
Doctor CamNC4Me
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Re: Church comments on SEC settlement

Post by Doctor CamNC4Me »

MG 2.0 wrote:
Wed Feb 22, 2023 5:43 pm
Doctor CamNC4Me wrote:
Wed Feb 22, 2023 5:23 pm


Tfw a Mormon refers to human beings as “chaff”.

Google, please define ‘chaff’:



Awesome proselytizing, you bozo.

- Doc
I’m referring to New Testament teachings:

But when he saw many of the Pharisees and Sadducees come to his baptism, he said unto them, O generation of vipers, who hath warned you to flee from the wrath to come?
8 Bring forth therefore fruits meet for repentance:
9 And think not to say within yourselves, We have Abraham to our father: for I say unto you, that God is able of these stones to raise up children unto Abraham.
10 And now also the axe is laid unto the root of the trees: therefore every tree which bringeth not forth good fruit is hewn down, and cast into the fire.
11 I indeed baptize you with water unto repentance: but he that cometh after me is mightier than I, whose shoes I am not worthy to bear: he shall baptize you with the Holy Ghost, and with fire:
12 Whose fan is in his hand, and he will throughly purge his floor, and gather his wheat into the garner; but he will burn up the chaff with unquenchable fire.
Jesus was a bozo?

Regards,
MG
Notice dopey MG tries to shift blame for his post to Jesus Christ himself! You can’t make this up.

Also, Dr. Steuss. That’ll never happen. MG only claims to read, but he doesn’t read. This is a well-established fact. He can handle little exchanges, but anything that actually requires more than a paragraph isn’t happening. How many times has he posted sources that contradict the point he believed he was making, because he never actually read his sources? Two decades of this bozo shilling for his corporate overlords, and if there’s one thing you can take to the bank is that MG doesn’t read - he skims, at best, and he certainly doesn’t damned read source material.

- Doc
Last edited by Doctor CamNC4Me on Wed Feb 22, 2023 6:19 pm, edited 1 time in total.
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Dr Moore
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Re: Church comments on SEC settlement

Post by Dr Moore »

Fence Sitter wrote:
Wed Feb 22, 2023 6:16 pm
The stupidity of MG here is overwhelming. The church was not trying to maximize profits here. This has nothing to do with gain or loss. They were trying to hide who owned the money from public view, especially from members themselves so members would not realize how much filthy lucre its great and spacious leadership actually controlled.

This isn't about money, this is about control. Looks like it is working for rubes like MG.
Yes. Accusing people of not reading the full backstory, while himself having utterly failed to read or comprehend the most basic aspect of the backstory. MG is the prototype beta for LDS hypocrisy.
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sock puppet
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Re: Church comments on SEC settlement

Post by sock puppet »

Fence Sitter wrote:
Wed Feb 22, 2023 6:16 pm
The stupidity of MG here is overwhelming. The church was not trying to maximize profits here. This has nothing to do with gain or loss. They were trying to hide who owned the money from public view, especially from members themselves so members would not realize how much filthy lucre its great and spacious leadership actually controlled.

This isn't about money, this is about control. Looks like it is working for rubes like MG.
PRECISELY!!!
"The truth has no defense against a fool determined to believe a lie." – Mark Twain
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The Stig
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Re: Church comments on SEC settlement

Post by The Stig »

MG 2.0 wrote:
Wed Feb 22, 2023 5:51 pm
IHAQ wrote:
Wed Feb 22, 2023 5:24 pm
MG2.0 Any thoughts on the post by Doctor Steuss and how it relates to your comments?
As I read the news article I referred to earlier:

https://www.deseret.com/u-s-world/2023/ ... -reporting

I didn’t see any evidence of nefarious intent on the part of the church leaders or Ensign Peak. It seems as though the financial advisors were trying to maximize profits within what they saw as the parameters of the law/code. As soon as the SEC brought the concerns that they had to the Ensign Peak folks they changed their investment and accounting practices immediately.

No harm, no foul.

You’re making a lot of hay where there is none to be made.

As much as you would like to escalate it.

You folks are talking as though you know the WHOLE backstory. You don’t.

Regards,
MG
Read the actual order, please: https://www.sec.gov/litigation/admin/2023/34-96951.pdf

The SEC's findings of fact show a clear picture of an intentional effort to obfuscate and conceal assets via inappropriate means.
MG 2.0
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Re: Church comments on SEC settlement

Post by MG 2.0 »

Dr Moore wrote:
Wed Feb 22, 2023 6:18 pm
Fence Sitter wrote:
Wed Feb 22, 2023 6:16 pm
The stupidity of MG here is overwhelming. The church was not trying to maximize profits here. This has nothing to do with gain or loss. They were trying to hide who owned the money from public view, especially from members themselves so members would not realize how much filthy lucre its great and spacious leadership actually controlled.

This isn't about money, this is about control. Looks like it is working for rubes like MG.
Yes. Accusing people of not reading the full backstory, while himself having utterly failed to read or comprehend the most basic aspect of the backstory. MG is the prototype beta for LDS hypocrisy.
You are saying that the church is not trying to maximize profits? I think they are. Yes, the church leaders were concerned about some members seeing these profits hidden away as evidence that the church was either hiding something or concerned that tithing revenue would drop.
Ensign Peak's investment fund, considered one of the largest worldwide, was designed to be like a rainy day account that would be used during difficult economic times, as per Business Insider.

The head of the church's investment management company, Roger Clarke, said that church leaders raised the alarm over knowledge of the fund potentially discouraging members from giving regular donations that are known as tithes.

Two years ago, Clarke said paying to tithe was a sense of commitment much more than the church needing the money for itself. He noted that this was why church leaders did not want to be in a position where their members would not make such contributions.

It was only in 2019 when the scale of the church's wealth was in full view after a former employee of Ensign Peak Advisors, David Nielsen, made a whistleblower complaint. Previous reports noted that the Mormon Church's investment portfolio included billions of dollars in Apple, Microsoft, and healthcare stocks.

https://www.hngn.com/articles/246857/20 ... tments.htm
The concern I am having is that you folks are seeing nefariousness where there is none.

Regards,
MG
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