Here’s the five cent recap: in the late 1970’s or early 80’s, a group of people, primarily from from Texas, became concerned about what was being taught in Seminaries. They started suggesting that professors state their position on the inerrancy of the Holy Bible. The professors wouldn’t go along with that, preferring to pontificate, theorize, and obfuscate.
The “Inerrantists” eventually took over the SBC, and the “Moderates” and many profs pulled out and formed the Cooperative Baptist Fellowship. Naturally, Peanut had to get some free publicity, and since he never met a heresy that he didn’t like, sided with the CBF.
The whole thing has caused a lot of discord in the denomination, and you can still get treated in a CBF church to much moaning and groaning about the cushy academic positions that were lost.
No word from them about presenting the Gospel of Jesus Christ to the lost, though. That’s a lot of trouble, you see.
Okay, thanks for the update. Wow, did I somehow have that one turned around. But I believe that independent Baptist papers (Sword of the Lord, Flaming torch, Revival Fires, Baptist Challenger, others) also got that information turned around, ‘cause I most likely would have read about it in those papers. Of course, sometimes they are too quick to jump on something at the expense of accuracy. On the other hand, I could be the one who misunderstood the issue.