Word: vaticans
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...retreat house in Spring Lake, N.J., five U.S. Roman Catholic bishops assembled last week to touch up a controversial document. According to Peter Steinfels, executive editor of the liberal Catholic journal Commonweal, the document is "the most serious effort the church has ever made, here, abroad, or in the Vatican, to come to grips with nuclear war." The five bishops, led by Joseph L. Bernardin, the new Archbishop of Chicago, spent a year taking testimony from 34 specialists ranging from outraged peace protesters to Defense Secretary Caspar Weinberger. They then sent a 66-page first draft of a nuclear policy...
Investigators at the Vatican...
Last year Pope John Paul II said that he wanted to make the Vatican's financial affairs "clear and in the light of the sun." But for now, they remain shrouded in clouds...
Secrecy breeds suspicion, and the Vatican's investments have caused serious questions over the years. In the mid-1960s, the IOR was discovered to have invested in firearms dubious concerns for a church. Examples: an Italian firearms factory and a Canadian pharmaceutical company that manufactured contraceptives...
...invest this new cash, the IOR called on its lay financiers, like Michele Sindona, who urged the Pope's bank to invest in many of his deals. When Sindona's empire collapsed in 1974 with the failure of New York's Sin National Bank, the Vatican lost an estimated $70 million. Sin dona is serving a 25-year prison sentence...