The Church's statement:<p><a href="https://newsroom.churchofjesuschrist.org/article/church-issues-statement-on-sec-settlement" rel="nofollow">https://newsroom.churchofjesuschrist.org/article/church-issu...</a>
Incest? I think it's a typo, as that is not a Mormon thing.<p>Well, not a Utah-Mormon thing.<p>I mean, not a Utah-Mormon-SLC-Official-The-Mormons thing.<p>I mean, at least not these days. Err...<p>Anyway, they seem to have been big fans of Gamestop and Tesla in the past. So, kind of a mainstream church in that way I guess you could say.<p><a href="https://www.washingtonexaminer.com/news/lds-church-made-nearly-8m-gain-off-gamestop-stock-surge" rel="nofollow">https://www.washingtonexaminer.com/news/lds-church-made-near...</a><p><a href="https://markets.businessinsider.com/news/stocks/mormon-church-100-billion-fund-buys-tesla-stock-grows-stake-2021-3-1030251777?op=1" rel="nofollow">https://markets.businessinsider.com/news/stocks/mormon-churc...</a><p>A big issue here is that the church is caught in a preparedness gambit. On the one hand, they feel they need a rainy-day fund. On the other hand, it's possible that due to latter-days ramifications, prophecies, and other frightening things, it may need to be a rainy-day fund the likes of which has never been seen before.<p>This collision of significant unknowns of course makes it difficult to quantify just why one would stockpile money to the tune of over $100B while effectively refusing to act in accordance with the common expectations of a charitable organization.