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Pope Removes Cardinals in Shake-Up of Vatican Bank

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posted on Jan, 16 2014 @ 07:28 AM
More 'clean up the Vatican' shake ups from Pope Francis. He has been talking about closing the Vatican bank which has long been suspected of intense money laundering and nefarious dealings. In this latest shakeup, Pope Francis removed Cardinal Tarcisio Bertone from the banking oversight committee. Bertone ... very high up ... considered 'papable' .

Side note - I fear for the safety of Pope Francis .. especially on upcoming Middle East trips being discussed. It would be easy for 'something to happen' and for people to blame Muslim fanatics, or for the bad folks in the Vatican to get Muslim fanatics to do their dirty work for them.

Pope John Paul I was murdered (poison) shortly after saying he was going to investigate the Vatican Bank.

Pope Removes Cardinals in Shake-Up of Vatican Bank

Pope Francis shook up the scandal-plagued Vatican bank on Wednesday, removing four of five cardinals from an oversight body in a break with the clerical financial establishment he inherited from his predecessor. It was his latest move to get to grips with an institution that has often been an embarrassment for the Holy See and which he has vowed to either reform or close.

The four cardinals were removed just 11 months into their five-year terms as commissioners, which began under former Pope Benedict, who resigned last February. The changes came as Francis approached the first anniversary of a pontificate marked by austerity and sobriety, underlined by his decision to give up the papal apartments in favor of a modest suite.

The new team includes two cardinals — Toronto's Thomas Christopher Collins and Vienna's Christoph Schoenborn — from relatively rich dioceses who have had extensive dealings with financial affairs.

The others are Archbishop Pietro Parolin, the Vatican's new secretary of state, who will be elevated to the rank of cardinal next month, and Santos Abril y Castillo, a Spaniard who is based in Rome and is a close friend of the Pope's. The one holdover was French Cardinal Jean-Louis Tauran.

For further reading -

Info on Cardinal Bertone - 'old guard'
Cardinal Thomas Collins
Cardinal Christoph Schoenborn
Pietro Parolin - young and 'liberal'
Archpriest Santos Abril y Castillo
Cardinal Jean-ouis Tauran

Reuters - Pope Removes Cardinals in Shakeup of Vatican Bank

* Overhaul comes only 11 months into five-year terms
* Four of five members replaced
* Pope has not ruled out closing bank

India - Pope Removes Cardinals in Shake Up of Vatican Bank

The bank has undergone major changes since the arrival last February of its new president, Ernst Von Freyberg, a German. His team has closed many accounts and hired an outside firm, the Promontory Financial Group, to help it meet international standards of transparency drawn up to combat money laundering. An Italian investigation into alleged money laundering at the bank is still in progress.

The bank denies the accusations. Last month, Moneyval, a monitoring committee of the Council of Europe, said the Vatican had made significant progress in financial reforms but still risked being used for money laundering unless it strengthened internal controls.

Last July, IOR director Paolo Cipriani and deputy-director Massimo Tulli resigned, three days after the arrest of Monsignor Nunzio Scarano. Scarano, who worked as a senior accountant in the department headed by Calcagno, one of the cardinals removed and who had close contact with the bank, is currently on trial in Rome on charges of plotting to smuggle 20 million euros in cash into Italy from Switzerland.

ABC News - Pope Cleans House at Bank With New Cardinals

On Feb. 16, 2013, just days after announcing his resignation, Pope Benedict XVI confirmed the existing members of the bank's supervisory body for another five years. The members included Benedict's longtime deputy and secretary of state, Cardinal Tarcisio Bertone, who was widely blamed for many of the Vatican's administrative shortcomings during Benedict's papacy.

Francis has now essentially undone Benedict's decree, relieving Bertone and the other commission members of their jobs as he moves forward with his reform of the bank, formally known as the Institute for Religious Works.

Over the summer, Francis named a trusted friend, Monsignor Battista Ricca, to fill a vacant supervisory position and appointed an independent commission of inquiry to look into the bank's activities and legal status.

posted on Jan, 16 2014 @ 07:36 AM
Messing with the Vatican bank is a very effective way of ending up dead ask Roberto Calvi or Pope John Paul the first. Pope Francis is either very brave or completely reckless.

posted on Jan, 16 2014 @ 09:10 AM

Pope Francis is either very brave or completely reckless.

Sometimes those go together. Considering his age and health, he may not care as much about his own well being and he may be more apt to 'go for it' when cleaning out the Vatican. OR ... he's the kind of guy who would 'go for it' anyways, no matter his old age ...

posted on Jan, 16 2014 @ 09:19 AM
Pope Francis appears like a man with a plan to unite the whole world in peace.....
Just thinking out loud.

posted on Jan, 16 2014 @ 12:45 PM

Pope Francis appears like a man with a plan to unite the whole world in peace.....
Just thinking out loud.

If that is his plan then maybe all the people who say he's the antichrist are right.


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