Lima, Peru, Sep 23, 2008 / 10:30 am
The Archbishop of Lima, Cardinal Juan Luis Cipriani, said this week the financial crisis in the United States and the rest of the world is a consequence of the idolatry of money and power.
This idolatry has manifested itself in the network of corrupt officials who were greedy for more and therefore did not properly carry out their roles, Cardinal Cipriani said.
“They adore money and therefore, they engage in deceit. They issued a series of mortgages that had no value, and that, multiplied by millions has led to this flood of fraudulent corruption,” the cardinal said on his weekly radio program.
The cardinal warned that idolizing power and money has reached “very troubling levels in the world.” When money and power are “the only objects of our lives, they end in problems,” he said.