God’s Racket: Why It’s High Time to Shut Down the Vatican Bank | Alternet
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God’s Racket: Why It’s High Time to Shut Down the Vatican Bank
Think of it as HSBC with God’s imprimatur.
Photo Credit: Shutterstock.com
February 25, 2013
It’s a place where angels fear to tread; where criminals, frauds and mysterious corpses turn up as regularly as rats in the metro. The Institute for Works of Religion, commonly known as the Vatican bank, was set up in 1942 by Pope Pius XII to manage the vast Vatican finances. Often referred to as the world’s most secret bank, the operation is run by a CEO and overseen by five cardinals who report directly to the Pope.
