Gerald Posner to Pope Francis: Release the Vatican Bank World War II files
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"Pope Francis, who has worked hard to carve out a reputation as a reformer, is facing one of his most daunting challenges when it comes to the Catholic Church’s finances, particularly the Vatican Bank. Since World War II — when the bank was created as the equivalent of the Federal Reserve combined with a commercial bank — it has operated with few checks and balances. Over the decades, it has become embroiled in seemingly endless scandals that include questions about wartime profiteering with Nazis, gigantic business schemes and political slush funds.
Gerald Posner to Pope Francis: Release the Vatican Bank World War II files
Gerald Posner to Pope Francis: Release the…
Gerald Posner to Pope Francis: Release the Vatican Bank World War II files
"Pope Francis, who has worked hard to carve out a reputation as a reformer, is facing one of his most daunting challenges when it comes to the Catholic Church’s finances, particularly the Vatican Bank. Since World War II — when the bank was created as the equivalent of the Federal Reserve combined with a commercial bank — it has operated with few checks and balances. Over the decades, it has become embroiled in seemingly endless scandals that include questions about wartime profiteering with Nazis, gigantic business schemes and political slush funds.