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The 67-year-old Italian was brought in by the pope’s secretary of state, Cardinal Tarcisio Bertone, in 2009 with a mandate to turn the troubled bank around and help “facilitate transparency” with an eye toward quashing rumors that the bank was a den of iniquity. The Vatican had hoped that through Gotti Tedeschi’s guidance, the tiny city-state could finally earn a coveted spot on the global Financial Action Task Force “white list” of states whose financial practices can be trusted.
In reality, Gotti Tedeschi says he found the bank’s record much worse than he could have
Originally posted by Aloysius the Gaul
Vatican Banker Running Scared: Gotti Tedeschi Could Turn Whistle-Blower
www.thedailybeast.com
(visit the link for the full news article)
The 67-year-old Italian was brought in by the pope’s secretary of state, Cardinal Tarcisio Bertone, in 2009 with a mandate to turn the troubled bank around and help “facilitate transparency” with an eye toward quashing rumors that the bank was a den of iniquity. The Vatican had hoped that through Gotti Tedeschi’s guidance, the tiny city-state could finally earn a coveted spot on the global Financial Action Task Force “white list” of states whose financial practices can be trusted.
In reality, Gotti Tedeschi says he found the bank’s record much worse than he could have
Originally posted by LaughingatHumanity
This is the face we all know too well. It is the face worn by near every major global player on this planet. The questions that need to be asked now as truth and knowledge acts like a light turned on in a kitchen full of so many roaches are simple.
How much longer will humanity deal with this scourge via apathy rather than action?edit on 10-6-2012 by LaughingatHumanity because: (no reason given)edit on 11-6-2012 by LaughingatHumanity because: (no reason given)
A week after his ouster, Gotti Tedeschi was in trouble again. His home in Piacenza and his offices in Milan were searched by Italian police, who say they were combing for evidence that he was an “informed witness” with regard to questionable business dealings of Italy’s state-run defense and aerospace firm Finmeccanica, whose president is his close pal.
Roberto Adinolfi, chief executive of Finmeccanica unit Ansaldo Nucleare, was shot in the leg on May 7 in an attack claimed by an anarchist group.
There is little doubt that Tedeschi has reason to be worried for his safety. Three decades ago, another of “God’s bankers,” Roberto Calvi, was found hanging from a noose under Blackfriars Bridge in London. His pockets were weighted down with bricks and cash. Calvi was not the head of the IOR like Gotti Tedeschi, but he was closely tied to the Vatican’s secret banking structure as head of Banco Ambrosiano, which went bankrupt at the time amid allegations of money laundering, mafia collusion, and generally questionable banking practices.
Originally posted by triune
reply to post by EnochWasRight
The money changers tables havn't been turned over just yet. With the Vaticans man in charge of the European Central Bank (ECB) they hold the whip hand for not only the future of Europe but of the entire world economy.
What happens in June with the Greek elections and Merkels call for a stronger fiscal union which will require greater surrender of sovreignty to Brussels (read Berlin) will have a huge impact on the world economy.
The ECB has just handed Catholic Spain a massive bank bailout, but allowed Greek Orthodox Greece to wither on the vine.
Cyprus, another Greek Orthodox nation, soon to go cap in hand to the ECB for its own bailout can expect the same treatment
The future of the Vatican is now tied directly to the future of Europe. As Europe organises and strengthens its new fiscal and political union, expect the Vatican to grow in power and influence and to directly confront and oppose any and all Islamic influence throughout Europe.
The crusades never ended and neither did the Holy Roman Empire as both are about to be renewed, with a vengence.
What they are reportedly worried about is a secret dossier that Gotti Tedeschi told friends he compiled “just in case something happens to me.” Local press reports say the dossier includes 47 different binders with emails from the pope, letters from cardinals, and notes and reports from various meetings tied to Vatican bank business. He had reportedly planned to deliver the dossier directly to Pope Benedict XVI, presumably as a counterargument to his May 24 firing. The cache reportedly contains irrefutable evidence that could substantiate claims that the IOR is involved in money laundering and tax-evasive practices. There were documents that allegedly show financial transactions between the Vatican and a number of surprising characters, including politicians and known middlemen for mafia bosses. If true, it would give Italian authorities a rare opening to investigate the Vatican’s banking practices with names, account numbers, and transaction dates of dealings with financial entities outside the Vatican’s historically secretive jurisdiction.
Originally posted by JiggyPotamus
It almost seems like the Italian government didn't really perform a strenuous investigation of potential Vatican criminal activity, and rather just kind of swept it under the rug. Maybe not, but that is what I got out of it. There was a quote in the article that really sums up a lot of activity done by those in power...In short, those who perform illegal actions to the point that they could not defend themselves without exposing the entire fraud or crime, are going to be targeted by those who are involved in that fraud, because they have to at least try, because the only other option is to go down as well.
I'm sure the Vatican is involved in some scary stuff, which is completely against what they say they stand for. They don't practice what they preach, and I don't know why anyone would look to them for authority. They're a joke in that respect.