Vatican Bank Account Closed At JP Morgan, Image May Be Hurt

[sarcasmo]

Source: Huffington Post

Snip < JP Morgan Chase is closing the Vatican bank's account with an Italian branch of the U.S. banking giant because of concerns about a lack of transparency at the Holy See's financial institution, Italian newspapers reported.


Snip < The financial newspaper, which gave the number of the IOR account, said some 1.5 billion euros passed through it in about 18 months. It said the account was a "sweeping facility," meaning that it was emptied out at the end of each day with funds transferred to another IOR account in Germany.

Read more: http://www.huffingtonpost.com/2012/03/19/vatican-bank-image-hurt-closed_n_1363432.html

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Religion is one heck of a racket. 1.5 billion euros in 18 months.

[izquierdista]

1. Minor inconvenience

I can see them moving to Goldman Sachs. After all, the Pope and Lloyd Blankfein are both doing God's work.

[EFerrari]

2. Hilarious. Pot, kettle.

[dixiegrrrrl]

4. 'zactly my thought on reading the headline.

[LadyHawkAZ]

7. My thoughts exactly

[Octafish]

3. JP Morgan? The money launderers JP Morgan? The $290 billion in secret Fed loans JP Morgan?

Interesting. I understand Bernie Madoff luvs them, too:

JP Morgan s 907 million Madoff bonanza

[thelordofhell]

5. Great, now I'm gonna start getting e-mails from the Nigerian Pope

[MichiganVote]

6. Yeah, cuz' the little thing called hiding molesters was just such a nothing.

[CK_John]

8. They don't trust each other. nt

[progressoid]

9. Wait. Which one is worried about their image?

[Politicalboi]

10. Hypocrite meet Hypocrite

LOL! Lack of transparency goes both ways.

[sarcasmo]

11. 1.5 Billion in 18 months, how much in 20 years?

[LynneSin]

12. Yes because we know the Catholic Church is all sweet and innocent...

NOT!

[Festivito]

13. Does a German pope come with a German bank account?

Family, or Nazi friends?