Showing posts with label financial markets. Show all posts
Showing posts with label financial markets. Show all posts

Monday, November 28, 2011

Speaking Truth to Worldly Power in the Feminine Voice

Please consider these three women who were in positions of speaking truthfully about inherent risks and dangers to the US and international financial systems: Elizabeth Warren, Brooksley E. Born and Christine Lagarde. All of them have consistently, wisely and courageously held to the truth revealed by their experiences, education,  and informed understandings, even at the risk of being sidelined and dismissed. Most women and men would give up in the face of such relentless pressure, but we should be grateful for whatever familial and professional support these women have had that has encouraged them to persevere. 

Godly, strong women in scripture are depicted in the roles of judge, prophet, warrior, queen, spiritual leaders, and economic providers. All of us who summarily dismiss the feminine voices in our lives which speak truthfully endanger ourselves and others. The voice of Wisdom in Proverbs is feminine. The voice of Proverbs' Alien or Strange woman is also feminine. (Proverbs describes her by her unrepentant actions of promiscuity, adultery, and her misleading of others while being blind & deaf to the truth.) Spiritual maturity necessitates the discerning of whose voices to listen to by attending to the fruit of their lives. Some of the wisest voices in my life have been/are women's, and yet, some of the most threatening, divisive, violent and abusive voices I've ever heard were also female - and one was a close relative! Hearing well and wisely heeding may mean the difference between life and death. Proverbs certainly indicates so. (cf. Prov. 7-9)

One of the major contributors to the dismissing & ignoring of godly women's voices in the US, in business and other spheres, is an attitude that can prevail unchecked in any male-dominated environment, among them religious circles (not only Christian, but including them). From my perspective and training, it seems to be the metaphorical "fruit" of "reading" reality as one might read Genesis 3:17 erroneously as literalistic, in a way that self-justifies, self-elevates, and promotes a "rule over" mindset. (I read Genesis 3 as a metaphorical, poetic and theological description of the status quo and the results we observe in the human actions and interactions around us. It describes "what is".)

Human responsibility & accountability require that we hear and discern Truth in the male and female voices that constantly clamor for our attention. In this world, men's voices have to soften and welcome women's voices to be heard, and women's voices need assertiveness and confidence to continue speaking despite the ongoing opposition to the feminine voice for being feminine. As Christians, we believe in the God who reveals Godself to us as grace and truth, incarnate Word in the Son, Jesus Christ, and present with us in the indwelling Holy Spirit, through all members of Christ. We receive the words of those who tell truth and whose lives evidence godly ways and wisdom. Any person's repeated and stubborn denial of evident, revealed and living truth should be a warning sign for each of us to walk cautiously when in their presence. Truth, holiness, grace and light journey hand in hand. When men and women, together, reflect God's image faithfully, we more clearly see the world we live in. 

For more on Brooksley Born and her gutsy confrontations of men in power, cf. this Washington Post article from 2008.       

Tuesday, December 29, 2009

Rediscovering Values, by Jim Wallis

Check out the first chapter of Wallis' new book, available by download at Sojourners website: Rediscovering Values.

All of us need to act and re-act appropriately if we truly do want the Change that was promised us by Pres. Obama. This isn't a one person play, but a drama with every one of us on the stage, acting in partnership with one another, or in opposition to each other to aggrandize ourselves. Serving, not hoarding and accumulating, is the only way out of this recession.

I believe that the answer to Wallis' question is YES! "So do Christians have a responsibility to turn over the tables of an unjust market?" (p.20)

Tuesday, April 21, 2009

sacred cows in American life

Sometimes I wonder why many (not all) of the very folks opposing government regulatory actions - such as financial markets regulation, or gun control - harshly apply Biblical Law in other arenas and speak derogatorily of people holding different opinions (or cheer for surrogates who do trash-talking on their behalf). This disconnection seems completely odd and off-the-wall from my perspective. It's as if they believe that sinful behavior is walled off from particular areas of life because someone somewhere said so, or wrote it down, or was quoted somehow. Then again, they don't believe they can sin with their tongues or pens or computers (cf. James' Epistle, folks).

In my humble opinion, not regulating guns and assault weapons because "the Constitution says so" and never changing that law "because it's the Constitution" is as bizarre as not being able to purchase salt in the grocery store in Italy whenever there wasn't a standing government. (Being Italy, that was rather often.) Their excuse was that salt is and was a government monopoly since the days of the Roman Empire. The Roman law stated that only government-regulated tobacco stores could sell salt, so whenever the governments that had passed temporary laws overriding the Roman laws fell, the law reverted to the days of Rome. Hello?? If the Italians could (and did!) finally figure out that they should make a permanent law regarding the sale of salt, could we please exercise similar strength against this worship of the Constitution? Roman Emperors aren't worshiped anymore, either.

Does anyone else hear echoes of "It is written"? There's only one Book that I refer to religiously when I ask "where is it written?" (Yes, that's a pun and my tongue is in my cheek!)

I left the financial markets in 1987 while working with a Swaps trader who was "making way too much money off of other people's ignorance." (The quotation is from my reasoning, then and since then, for leaving Wall St.) I'm glad that the regulators finally seem to be catching up to what insiders knew was going on for too many decades:

"Regulation should not prevent innovation; rather it should ensure that innovations are sufficiently transparent and understandable to allow consumer choice to drive good market outcomes … We should be wary of complexity whose principal effect is to make the product or service more difficult to understand by its intended audience." -- Ben Bernanke, Chairman Federal Reserve h