MARY, OUR MOTHER: Vatican "Perplexed and Surprised" by Bank Scandal:

Tuesday, September 21, 2010

Vatican "Perplexed and Surprised" by Bank Scandal:

Italian Officials Impound Funds, Launch Money-Laundering Probe of Vatican Bank

Just after the conclusion of Pope Benedict's dramatic 4-day trip to Scotland and England, Italian officials have launched a "money-laundering" probe aimed at the Vatican's bank, casting the shadow of scandal again over the Holy See. What is the real story here?

By Robert Moynihan

=====================================

Money Laundering?

Today in Italy, Italian finance police seized about $30 million of funds held in a Vatican bank account in an Italian bank.

The action raises the spectre of another scandal, this time financial, in addition to years of scandal involving sexual abuse of young people by priests.

In short, it is a new, powerful blow against the pontificate of Pope Benedict XVI (photo).

This is a real story, not simply a verbal accusation: the funds have actually been impounded -- $30 million, a considerable sum.

Even more important, Italian finance officials now say they are pursuing "money laundering" allegations against the Pope's top financial official, a prominent Italian Catholic banker and scholar of economics named Prof. Ettore Gotti Tedeschi (photo below).

Gotti Tedeschi was Pope Benedicts's choice to lead the Vatican's Istituto per le Opere di Religione ("Institute for Religious Works," commonly known as the Vatican bank).

Also under investigation is Gotti Tedeschi's "number two," the bank's director general, Paolo Cipriani.

The Vatican Reaction

What is the Vatican's reaction to this attack?

In a statement today, the Vatican said that it is "perplexed and surprised" by these events and has the “greatest trust” in the two men.

The statement also said the Vatican has already been working for greater transparency in its finances, to comply with new international banking regulations.

Further Questions, and Some Background

Continue reading here: http://community.icontact.com/p/insidethevatican/newsletters/christmas/posts/letter-48-2010-news-bank-scandal

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Quotes from 'The Glories of Mary':

‘I will put enmities between thee and the woman, and thy seed and her seed: she shall crush thy head.’

(Gen. 3:15)

“Since the devil is the head of original sin, this head it was that Mary crushed: for sin never had any entry into the soul of this Blessed Virgin, which was consequently free from all stain.”

Saint Augustine

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PSALM 71 SPEAKS TO MY HEART

Forsake Me Not When My Strength Is Spent

In you, O Lord, do I take refuge;
let me never be put to shame!
In your righteousness deliver me and rescue me;
incline your ear to me, and save me!

Be to me a rock of refuge,
to which I may continually come;
you have given the command to save me,
for you are my rock and my fortress.

Rescue me, O my God, from the hand of the wicked,
from the grasp of the unjust and cruel man.
For you, O Lord, are my hope,
my trust, O Lord, from my youth.
Upon you I have leaned from before my birth;
you are he who took me from my mother's womb.
My praise is continually of you.

I have been as a portent to many,
but you are my strong refuge.
My mouth is filled with your praise,
and with your glory all the day.
Do not cast me off in the time of old age;
forsake me not when my strength is spent.

For my enemies speak concerning me;
those who watch for my life consult together
and say, “God has forsaken him;
pursue and seize him,
for there is none to deliver him.”

O God, be not far from me;
O my God, make haste to help me!
May my accusers be put to shame and consumed;
with scorn and disgrace may they be covered
who seek my hurt.

But I will hope continually
and will praise you yet more and more.
My mouth will tell of your righteous acts,
of your deeds of salvation all the day,
for their number is past my knowledge.

With the mighty deeds of the Lord God I will come;
I will remind them of your righteousness, yours alone.

O God, from my youth you have taught me,
and I still proclaim your wondrous deeds.

So even to old age and gray hairs,
O God, do not forsake me,
until I proclaim your might to another generation,
your power to all those to come.
Your righteousness, O God,
reaches the high heavens.
You who have done great things,
O God, who is like you?

You who have made me see many troubles and calamities
will revive me again;
from the depths of the earth
you will bring me up again.
You will increase my greatness
and comfort me again.

I will also praise you with the harp
for your faithfulness, O my God;
I will sing praises to you with the lyre,
O Holy One of Israel.
My lips will shout for joy,
when I sing praises to you;
my soul also, which you have redeemed.

And my tongue will talk of your righteous help all the day long,
for they have been put to shame and disappointed
who sought to do me hurt.

Tuesday, September 21, 2010

Vatican "Perplexed and Surprised" by Bank Scandal:

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