If it is as you're implying, bad things also happen in the name of deities. Things that are perfectly acceptable and moral to that religion's view-point but unacceptable to Christianity's/Judaisms. But it's all okay because our deities endowed us with a sense of what's good and right.
eg- It behooved the ancient Aztecs to sacrifice human-beings in the name of their gods. According to what you're saying, their sense of morals and actions were perfectly acceptable since we derive our sense of morality from our chosen deities.
In social-systems where there is less separation between Church and State, Religion was used as a regulator for social-behavior, not necessarily the originator of said ''morals.''
I know it's somewhat of a tangent but I can't say it in a way more easily understandable -__-
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