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As the largest financial institution in the world, why doesn't the catholic church feed the hungry and house the homeless? Where's the compassion? I only see greed and hypocracy.

2006-06-09 17:42:43 · 5 answers · asked by aussiechic 2 in Society & Culture Religion & Spirituality

5 answers

Seems like some pretty messed up things happened, I agree, according to this they have plenty of stolen money.

Check this out:

The Vatican Bank was a successful and profitable bank. By the 1990s, the Bank had invested somewhere over US$10 billion in foreign companies. Part of what made the Bank so profitable was that it offered certain illegal services; for 5%, the Bank would launder industrialists' money, or money of those well-connected with the Catholic Church. The money laundering scandal leaked out in 1968 due to a change in Italian financial regulations, which would have mandated more transparency. To prevent the scandal that would occur when the public learned that the Vatican Bank (which was supposed to funnel all profits directly and immediately to charity) had in fact retained most of its profits and expanded its operations, Pope Paul VI enlisted Michele Sindona as papal finance advisor to sell off assets and move money overseas to hide the full extent of Vatican wealth. It was Sindona who was chiefly responsible for the massive influx of money when he began laundering the Gambino crime family's heroin monies (taking a 50% cut) through a shell corporation "Mabusi". This laundering was accomplished with the help of another dirty banker, Roberto Calvi, who managed the Banco Ambrosiano. Interestingly, both Calvi and Sindona were members of the P2 Lodge.

When Pope John Paul I became Pope, he learned of the Bank's doing, and instructed Cardinal Jean Villot (papal secretary of state and head of the papal Curia) to investigate the matter thoroughly. Curiously, a month later, after informing Villot that he was going public with the scandal (and firing Villot among others), John Paul I died. John Paul II ignored the matter, and allowed Sindona free play for a number of years after.

2006-06-09 17:49:28 · answer #1 · answered by Anonymous · 0 0

It is a perfectly reasonable thing to ask of the Pope. Churches in small towns that can not afford to help families in need have pastors dipping into their own pockets to help out but the richest and most powerful religious leader in the world can't help a few homeless?

2006-06-09 17:50:29 · answer #2 · answered by Anonymous · 0 0

It all boils down to politics. It's been going on since day one and will probably go on til whoever is running the show says they've had enough and kills the power on the whole thing.

2006-06-09 17:55:47 · answer #3 · answered by Stanbo 2 · 0 0

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2006-06-09 18:15:03 · answer #4 · answered by Anonymous · 0 0

There hiding something

2006-06-09 17:52:44 · answer #5 · answered by maguyver727 7 · 0 0

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