In case people are wondering why some of us were concerned that Paige Patterson was making a move to manage Southwestern Seminary’s $90Million endowment in house, I thought I would provide a little history lesson in the way that Patterson has managed institutional funds in the past. Keep in mind, please, that during this same time period at Southeastern, Patterson raised almost $300,000.00 to build a private living quarters on the back of the presidential home.
So I give you, dear readers, an official summary of SEBTS deficit spending under Paige Patterson’s stewardship:
And with this…I’m out for a while…