What's the difference between the Vatican and the Mafia?

At least the Mafia doesn't tolerate baby-rapers in its ranks.

Otherwise, though, they're both shady organizations with very tightly closed ranks and a sense of privilege. It seems the Vatican is also suspected of criminal enterprises — it has its very own private, secretive bank that is accused of money laundering, and recently had about $30 million in assets seized.

I don't think the Vatican has any ties to grisly gangland murders, though…oh, wait.

Calvi headed the Banco Ambrosiano, which collapsed in 1982 after the disappearance of $1.3 billion in loans made to dummy companies in Latin America. The Vatican had provided letters of credit for the loans.

Calvi was found a short time later hanging from scaffolding on Blackfriars Bridge, his pockets loaded with 11 pounds of bricks and $11,700 in various currencies. After an initial ruling of suicide, murder charges were filed against five people, including a major Mafia figure, but all were acquitted after trial.

While denying wrongdoing, the Vatican Bank paid $250 million to Ambrosiano's creditors.

More like this

You know, it could work. Consider the Vatican's net worth as reported by Paul Velelli in the London Independent: ⢠The Vatican Bank, Istituto per le Opere di Religione, manages £2bn of assets. It does not reveal its profits or dividends, which are paid directly to the Pope. It enjoys the…
R Bryner said: Changing what is continuous data(numbers) to ranks to do an analysis on them is throwing information away. Why is it done, I will tell you why, someone did not like the information and decided to remove it. The funny thing is it even has a legitimate sounding name. Yeah, "non-…
So, the financial questions keep coming. I'm avoiding a lot of them, because (A) they bore me, and (B) I'm really not the right person to ask. I try to stay out of this stuff unless I have some clue of what I'm talking about. Rest assured, I'm not spending all of my blogging time on this; I've got…
It's hard for a lot of us to understand how the rich get richer by giving money away, but here's one way. Health and Human Services Secretary Mike Leavitt and his relatives have claimed millions of dollars in tax deductions through a type of charitable foundation they created that until recently…