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When news first broke on Tuesday that Italian prosecutors were investigating the Vatican Bank for violations of anti-money-laundering regulations, the story seemed to be that the bank had returned to its old ways. Reports in the press referenced the Vatican's connection to a 1980s financial scandal in which Italy's second largest bank, Banco Ambrosiano, went spectacularly bankrupt, collapsing under $1.3 billion of debt amid allegations of involvement by the Mafia and Masonic lodges.
Vatican Bank Scandal amid Italian Money-Laundering Probe
Seeded on Fri Oct 1, 2010 9:58 AM EDT
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- Public Discussion (4)
wow.. how many poor catholics could be helped by this huge sum of money...
why keeping it in the bank?
- 2 votes
#1 - Fri Oct 1, 2010 10:00 AM EDTThe World BAnk or the IMF pales in comparison with the mighty financial wealth they have which are now in competition with the Jews's and China's wealth worldwide. Unfortunately it is not intended for children but seems like these three are dueling as t who can control the world's politics and economics. The one with the most golds rule, right?
- 1 vote
Not surprised. Secrecy tends to breed corruption, and when the money is this big it is ever more likely.
- 3 votes
#3 - Sat Oct 2, 2010 4:35 AM EDTThe corrupt or malpractices by the catholic priests had been ably discussed by Philippines's national hero, Dr. Jose Rizal, where the name Fr. Damaso, was the main antagonist of his explosive novel, Noli Me Tangere. Jose Rizal had protrayed the evil inside the church not metioning the unfair trial of the three Filipino priests, Gomez, Burgos and Zamora. Even now, the Catholics in the Philippines led by the famous CBCP are now busy with a a very trivial matter where they are supposed to be naive and innocents, and that is the proper use of sexual contraceptives. The trivial discussion seemed to cover up or overshadowed the more serious issues and that is the proliferation of paedophile priests and sexual harassments cases worldwide against psychotic priests.
- 1 vote
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