Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Vatican bank charged with money-laundering

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Religion/Theology Donate to DU
 
Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 08:28 AM
Original message
Vatican bank charged with money-laundering
Source: PressTV

The Bank of the Vatican has been accused of laundering USD 200 million by proxy through an Italian creditor, a report indicates. The allegation of the Vatican bank's financial corruption has been made by an Italian magazine that pointed to the financial institute's purported involvement in stealth fiscal transactions via several accounts with Italy's UniCredit Bank, Russia Today television network quoted the Panorama magazine as reporting.

This corruption is continuing on a regular basis in the Vatican, claimed Janathan Levy, a lawyer familiar with the bank.

Again, there's no reason for a religion to have a bank that does worldwide commercial activities, dealing in gold, dealing in insurance, dealing in property and then hiding behind the Roman Catholic Church," Levy pointed out.

<snip>

The British London Telegraph, has recently ranked the Bank of the Vatican ahead of the Bahamas, Switzerland and Liechtenstein in banking secrecy.

Read more: http://www.presstv.ir/detail.aspx?id=116924§ionid=3...



Printer Friendly | Permalink |  | Top
hedgehog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 08:32 AM
Response to Original message
1. Here's the problem : the nominal head of the bank is either a priest or bishop.
He doesn't understand banking, so it's easy for his underlings to hoodwink him. No bishop or priest in the Vatican will ever admit to not being expert at everything under the sun, so the people actually running the bank have free rein.
Printer Friendly | Permalink |  | Top
 
peacetalksforall Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:03 AM
Response to Reply #1
6. Design is not the same as execution. No financial center is going to authorize
a grand scheme without knowledge and approval from the top.
Printer Friendly | Permalink |  | Top
 
DeSwiss Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:05 AM
Response to Reply #1
7. "....the nominal head of the bank is either a priest or bishop. He doesn't understand banking."
From Wiki:
The Institute for Works of Religion (Italian: Istituto per le Opere di Religione IOR) commonly known as Vatican Bank is located inside the Vatican City. It is run by a professional bank CEO who reports directly to a committee of cardinals, and ultimately to the Pope (or the Camerlengo of the Holy Roman Church during a sede vacante) LINK.

I cannot agree with the idea that this "committee of cardinals" are all dupes who can't count. And they should all be able to add, subtract, multiply and divided. It would seem to be, to put it mildly, a conclusion reached based upon facts that are not in evidence, and likewise not supported in this article or any other source I can find. I would say that the idea that a priest isn't capable of understanding banking is the same kind of logic that allows for the refusal by many, to accept the idea that a priest can be a pedophile. And worse, that nothing should be done on their part about. Which of course only further enables them, and allows the pedophilia to continue. Which is applicable to their previous banking controversies and illegal actions from the past.

What is just as interesting to me is this part of the article:

I had the privilege to walk inside this bank. It's nothing like a bank, the Russian news channel quoted another lawyer, Massimiliano Gabrieli, as saying. If you go there you deposit or withdraw money without limit, without any kind of receipt for the bank and for the client. All you have is a single card with a number, he stated.


- It is time these thieves and liars are called to account. We defer too much on account of religion and every time we do, we pay a price for our willingness to believe their bullshit.

K&R

<---- This is the one in-control of the Vatican Bank.
Printer Friendly | Permalink |  | Top
 
ronnie624 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:45 AM
Response to Reply #7
13. *
:thumbsup:
Printer Friendly | Permalink |  | Top
 
hedgehog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:45 AM
Response to Reply #7
26. Trust me, the Catholic Church places its finances in the hands of the clergy,
but I challenge you to find a single seminary that teaches basic accounting.

A "committee of cardinals" consists of a group of elderly men each by everyone around him how wise he is. The CEO comes in and makes a power point presentation. In a room full of your peers, all nodding wisely, who is going to raise his hand to say that doesn't understand.

The Diocese of Cleveland fired its chief book keeper for theft. He went down the road to Columbas and was hired.

http://www.catholic.org/national/national_story.php?id=...
Printer Friendly | Permalink |  | Top
 
Mithreal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:13 AM
Response to Reply #1
18. Not buying it
Printer Friendly | Permalink |  | Top
 
rrneck Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:47 AM
Response to Reply #1
28. Oh please...
http://en.wikipedia.org/wiki/John_Paul_the_Great_Cathol...
John Paul the Great Catholic University is located in San Diego, California. It currently offers Bachelor of Science degrees in Communications Media, Business, and Technology, each with two or more concentrations offered. In fall 2009 the school began offering a Master of Business Administration degree with a concentration in Entrepreneurial Business, and a Master of Arts in Biblical Theology. JP Catholic - the university's shortened nickname - emphasizes its loyalty to the Catholic Church, and lists "impacting the culture for Christ" as one of its main goals. The university was named one of North America's "21 Catholic colleges and universities which most faithfully live their Catholic identity" by the Cardinal Newman Society and has consistently been listed in the Newman Society's "Guide to Choosing a Catholic College".<1><2><3>


http://www.mbaguide.com.au/programs.php?program=5333

Australian Catholic University
Faculty of Arts and Sciences
Master of Business Administration
Program Overview: The Master of Business Administration aims to build upon students' undergraduate study through examination of the key dimensions of business operational tasks and processes in an environment of rapid change. It is intended to enable students to:

* Understand management processes in organisations in the private and public sectors;
* Acquire a deeper knowledge of theoretical, conceptual and ethical issues applying to the business processes;
* Analyse, evaluate, and justify business processes in an changing environment;
* Develop business management skills for use in an employer organisation;
* Acquire research skills for use in employer organisations;
* Enhance effective people skills;
* Build and improve their leadership skills;
* Acquire strategic skills;
* Develop an international orientation; and
* Develop effective ethical understanding of problems in organisations.

Specialist strands in the Master of Business Administration are available in accounting, e-commerce, information systems, international business, marketing, people management and sports management.


http://www.mba-channel.com/schools/profile/catholic-uni... /

The executive.mba is designed to cover all aspects of general management and focuses on all important elements of modern management. This includes the whole range of basics: e.g. controlling, accounting, staffing, finance and market positioning. Furthermore students are encouraged to deal with relevant personal, ethical and societal questions with respect to their managerial relevance.


http://www.learn4good.com/universities/university_degre...

Founded in 1964, DeSales University is a private, four-year Catholic university for men and women, located in the Lehigh Valley, Lehigh County, Pennsylvania on a 400 acre campus.

...

Graduate Studies include Master of Business Administration (MBA), Master of Education (MED) among many others.


"Catholic university mba" gets 280,000 Google hits. I think the Pope could make his own good help if he wanted to.
Printer Friendly | Permalink |  | Top
 
Soylent Brice Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 08:47 AM
Response to Original message
2. K&R
Printer Friendly | Permalink |  | Top
 
closeupready Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 08:55 AM
Response to Original message
3. Not a surprise at all.
n/t
Printer Friendly | Permalink |  | Top
 
MaineDem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:00 AM
Response to Original message
4. Again?
Or is it "still?"
Printer Friendly | Permalink |  | Top
 
dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:06 AM
Response to Reply #4
9. Few years ago, that was a "conspiracy theory".
Not any more, I guess.

I would love to see a book about what the Vatican Bank has been doing over the years.
Printer Friendly | Permalink |  | Top
 
LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:01 AM
Response to Original message
5. They are just making sure that when someone dies the money doesn't go with them.
Printer Friendly | Permalink |  | Top
 
Xenotime Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:06 AM
Response to Original message
8. Corruption at its finest
Printer Friendly | Permalink |  | Top
 
madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:20 AM
Response to Original message
10. the holy roman church has always been a criminal organization....
led by the bishop of roman.

Printer Friendly | Permalink |  | Top
 
Mopar151 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:47 AM
Response to Reply #10
14. For the pedophile priest issue alone
The Boston Archdiocese should have been prosecuted under the Federal RICO (Racketeer Influenced Corrupt Organisation) statutes. The Cardinal is in Vatican City, in hiding from US authourities and lawsuits.
Printer Friendly | Permalink |  | Top
 
mgc1961 Donating Member (874 posts) Send PM | Profile | Ignore Mon Jan-25-10 09:22 AM
Response to Original message
11. This story can't be true.
It's the Vatican, by God! :sarcasm:
Printer Friendly | Permalink |  | Top
 
WilmywoodNCparalegal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:37 AM
Response to Original message
12. It's been known for decades that the Vatican Bank was a haven of corruption
and money laundering. If anyone is interested in 'conspiracy theories' that are actually probably true, read into the history of how Cardinal Wojtila was elected pope and all about his predecessor and his untimely death, as well as the "suicide" of Calvi at London's Blackfriars Bridge and other interesting happenings and Freemasons and the P2.

All this mess was even alluded to in The Godfather III.
Printer Friendly | Permalink |  | Top
 
ensho Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:48 AM
Response to Original message
15. kick
nt
Printer Friendly | Permalink |  | Top
 
Dappleganger Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:55 AM
Response to Original message
16. What would Jesus do
With all that money? He was poor as shit so we'll never know, now will we?
Printer Friendly | Permalink |  | Top
 
struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:59 AM
Response to Original message
17. So here we have Iran's PressTV (yesterday) indirectly quoting RussiaToday (Friday) indirectly
Panorama, which apparently quoted somebody as saying there had been an investigation

No other news sources available, as far as I can tell
Printer Friendly | Permalink |  | Top
 
Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:19 AM
Response to Reply #17
19. Oops. So this might not be accurate? n/t
Printer Friendly | Permalink |  | Top
 
struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:45 AM
Response to Reply #19
25. Well, but you already knew that, didn't you? I don't think the Vatican Bank
deserves any special treatment with regard to applicable banking rules, but a report -- with a headline suggesting charges have been filed, quoting Iranian media that indirectly quotes Russian media that indirectly quotes a story (that I can't find) from Italian media that supposedly said anonymous sources said there had been an investigation -- isn't worth much, except if your object is simply to waste time
Printer Friendly | Permalink |  | Top
 
Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 12:18 PM
Response to Reply #25
30. I will try to be less lazy next time. Thanks. n/t
Printer Friendly | Permalink |  | Top
 
trotsky Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 12:17 PM
Response to Reply #17
34. The Times reported it back in December.
Printer Friendly | Permalink |  | Top
 
struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:22 AM
Response to Original message
20. La ricerca di - vaticano unicredit - non ha prodotto risultati in nessun documento
Printer Friendly | Permalink |  | Top
 
struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:23 AM
Response to Original message
21. La ricerca di - source:panorama vaticano unicredit - non ha prodotto risultati in nessun documento
Printer Friendly | Permalink |  | Top
 
Jim__ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:31 AM
Response to Reply #21
22. I think I'm getting an error (in Italian) when I click on your link.
Edited on Mon Jan-25-10 10:32 AM by Jim__
Or, is this trying to tell me something:

Cerca le pagine delle news che contengono +panorama.it vaticano unicredit

La ricerca di - source:panorama vaticano unicredit - non ha prodotto risultati in nessun documento.

Suggerimenti:

Assicurarsi che tutte le parole siano state digitate correttamente.
Prova con parole chiave diverse.
Provare con parole chiave pi generiche.
Prova la ricerca negli archivi di Google News.
Prova Google Ricerca Blog.
inoltre possibile leggere gli articoli di oggi nella home page di Google News.
Printer Friendly | Permalink |  | Top
 
struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:35 AM
Response to Reply #22
23. It's telling you that when you use Google News to search the Panorama site for
stories about the Vatican and UniCredit, nothing shows up
Printer Friendly | Permalink |  | Top
 
Jim__ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:39 AM
Response to Reply #23
24. Meaning that we can't find the original source for the story? - n/t
Printer Friendly | Permalink |  | Top
 
struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:46 AM
Response to Reply #24
27. I've made several stabs at it. Feel free to take a shot at it yourself
Printer Friendly | Permalink |  | Top
 
Jim__ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:54 AM
Response to Reply #27
29. That's OK. I just wasn't sure what the error meant. Thanks - n/t
Printer Friendly | Permalink |  | Top
 
Blue Owl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:35 PM
Response to Original message
31. God will clean that filthy lucre
We'll make sure he gets it.
Printer Friendly | Permalink |  | Top
 
Laura902 Donating Member (333 posts) Send PM | Profile | Ignore Mon Jan-25-10 03:50 PM
Response to Original message
32. Its not surprising that
the thieves of free-will and open-mindedness would also steal cash :dilemma:
Printer Friendly | Permalink |  | Top
 
Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 10:42 AM
Response to Original message
33. What was that about money changers? nt
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Tue Sep 23rd 2014, 01:36 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Religion/Theology Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC