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Leading US Bank Closes Vatican Bank’s Account
Catholic Culture ^ | 3/19/12

Posted on 03/19/2012 7:20:56 PM PDT by marshmallow

JP Morgan Chase, one of America’s leading banks, has closed down an account held by the Vatican bank at its Italian branch office in Milan.

Neither the American bank nor the Vatican bank (formally known as the Institute for Religious Works, or IOR) offered any public comment on the move. But officials at JP Morgan Chase acknowledged that the IOR account was closed because of concerns about the possible use of the Vatican bank for money-laundering.

(Excerpt) Read more at catholicculture.org ...


TOPICS: Catholic; Current Events; General Discusssion
KEYWORDS: ior; irw; italy; jpmorgan; jpmorganchase; milan; milancell; vatican; vaticanbank

1 posted on 03/19/2012 7:20:59 PM PDT by marshmallow
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To: marshmallow

Didn’t I see this in Godfather 3?


2 posted on 03/19/2012 7:22:13 PM PDT by Batman11 (Obama's poll numbers are so low the Kenyans are claiming he was born in the USA!)
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To: marshmallow

If this is a fight started by the liberals, they won’t win it.


3 posted on 03/19/2012 7:24:30 PM PDT by Olog-hai
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To: Olog-hai

Peter’s pence collections were in there. They are only hurting the poor! shame.


4 posted on 03/19/2012 7:28:43 PM PDT by man from mars
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To: marshmallow

Et tu Jamie?


5 posted on 03/19/2012 7:31:31 PM PDT by NoKoolAidforMe (I'm clinging to my God and my guns. You can keep the change.)
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To: marshmallow

I’m not Catholic. But I am going to be looking for another bank.


6 posted on 03/19/2012 7:34:59 PM PDT by Fred Hayek (FUBO, the No Talent Pop Star pResident.)
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To: marshmallow
That’ll teach ‘em to issue a statement against an ‘Obama Decree’...
7 posted on 03/19/2012 7:35:07 PM PDT by Errant
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To: Fred Hayek

Obama against the Catholic church? LOL

Somehow I think this is one he is going to lose.


8 posted on 03/19/2012 7:38:31 PM PDT by ladyjane
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To: ladyjane

Kind of like when Stalin asked “How many divisions does the Pope have”. Perhaps legions of angels. Giving credit where due, a Pope (and the Good Lord) had a hand in bringing down the Evil Empire. A Pope (although some will discredit him as a collaborator, although hard evidence proves otherwise) ran an underground railroad right under the Nazis’ nose.

I may have some theological differences of opinion, but there is a time to stand against evil. And we will win.


9 posted on 03/19/2012 7:48:17 PM PDT by Fred Hayek (FUBO, the No Talent Pop Star pResident.)
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To: ladyjane
Obama is a pimp.
The Catholic Church has been up against people/families like the MEDICIS. Does that pimp think he has a snowball's chance? He is merely a joke, a pathetic one at that.
10 posted on 03/19/2012 7:53:34 PM PDT by cloudmountain
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To: cloudmountain

I left JPM a long time ago. Terrible bank. I deal w a local community bank for personal and business and will never ever deal with on of. TJE big 5


11 posted on 03/19/2012 7:55:24 PM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: marshmallow

And wasn’t there a story yesterday about Muslims taking Rome?


12 posted on 03/19/2012 7:56:39 PM PDT by petitfour
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To: cloudmountain

He is as Rev. Manning says a “long-legged Mack Daddy”.

I just read this from the Bible and it describes him perfectly:

Proverbs 19:28-29

28 A worthless witness mocks at justice, and the mouth of the wicked devours iniquity.
29 Condemnation is ready for scoffers,and flogging for the backs of fools

Proverbs 16:5

5 All those who are arrogant are an abomination to the Lord;
be assured, they will not go unpunished


13 posted on 03/19/2012 8:00:47 PM PDT by DarthVader (Politicians govern out of self interest, Statesmen govern for a Vision greater than themselves)
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To: GlockThe Vote
I left JPM a long time ago. Terrible bank. I deal w a local community bank for personal and business and will never ever deal with on of. TJE big 5

I hear ya.
I was with Bank of America. HAD it with them and switched to Wells Fargo YEARS ago and am with them still. The bank I go to is in my neighborhood and I get to know the tellers, managers and folks behind the big desks.
My husband got me on to them. He was good at picking out nice folks. He had a knack.

14 posted on 03/19/2012 8:02:17 PM PDT by cloudmountain
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To: DarthVader
Proverbs 19:28-29
28 A worthless witness mocks at justice, and the mouth of the wicked devours iniquity.
29 Condemnation is ready for scoffers,and flogging for the backs of fools
Proverbs 16:5
5 All those who are arrogant are an abomination to the Lord; be assured, they will not go unpunished.

Boy, Scripture can be harsh when it has to be. Good choices.

15 posted on 03/19/2012 8:05:21 PM PDT by cloudmountain
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To: cloudmountain

JPM bought BONY and it went to hell. bank of new York was a good local bank for everything. JPM bought it put and it went to pot. verything was automated and robotic. branch managers became a thing of monthly changes etc.

Went to a local bank on lower NYS, and it is the best move I ever made for business. friendly, personal, fair, etc.

I will NEVER deal w BA, JPM, CITI, WAMU, Wachovia, etc.


16 posted on 03/19/2012 8:08:19 PM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote
JPM bought BONY and it went to hell. bank of new York was a good local bank for everything. JPM bought it put and it went to pot. verything was automated and robotic. branch managers became a thing of monthly changes etc.
Went to a local bank on lower NYS, and it is the best move I ever made for business. friendly, personal, fair, etc.
I will NEVER deal w BA, JPM, CITI, WAMU, Wachovia, etc.

Good for you.

17 posted on 03/19/2012 8:11:10 PM PDT by cloudmountain
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To: ladyjane

Obama picked the wrong enemy. He was against them even prior to his presidency; the Vatican was even prepared to go to “war” with him over the Freedom Of Choice Act if he signed it (that bill died). Obama had once said (as a senator in 2007) that the first thing he would do if he were president was sign the FOCA into law.


18 posted on 03/19/2012 8:15:20 PM PDT by Olog-hai
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Comment #19 Removed by Moderator

To: marshmallow

http://web.gbtv.com/media/video.jsp?content_id=20177695


20 posted on 03/19/2012 8:21:19 PM PDT by 353FMG
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To: DarthVader

Thank you for your post...it does my heart good!


21 posted on 03/19/2012 8:24:05 PM PDT by Mortrey (Impeach President Soros)
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To: Fred Hayek

Remind me again, where did all that gold the Croatian fascists brought to Vatican City wind up? Or the Croatian fascists that were hiding out there, for that matter?

Or do we conveniently ignore the other “underground railroads” that were running to Argentina?


22 posted on 03/19/2012 9:23:35 PM PDT by Boogieman
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To: Olog-hai

The regime’s tentacles reach far and wide. We all know who controls the banks.. The same monster that controls the media, health care, the automotive industry, stock market, education, blah blah blah..


23 posted on 03/19/2012 9:28:36 PM PDT by FedsRStealingOurCountryFromUs
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To: ladyjane

I hope your right. Obama needs to start losing something.


24 posted on 03/19/2012 9:42:54 PM PDT by indieconservative
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To: Olog-hai

As it turns out, he got FOCA enacted anyway — he just called it “health care reform”.


25 posted on 03/20/2012 4:53:38 AM PDT by Campion ("It is in the religion of ignorance that tyranny begins." -- Franklin)
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To: Campion

As much of FOCA as that contains was more than enough to provoke a strong reaction from the very church the president will not win against.


26 posted on 03/20/2012 4:56:49 AM PDT by Olog-hai
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To: Batman11

Yes, you did.

In reality, it wasn’t the traditional mafia that was doing war vs. the Vatican reformers, but a masonic lodge, named Propaganda Due, whose members include Silvio Berlusconi. Yes, that Berlusconi.


27 posted on 03/20/2012 10:58:15 AM PDT by dangus
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To: 353FMG

http://thenews.com.mx/index.php/business/B04-20975.html

“Chase is closing the Vatican bank’s account with an Italian branch of the U.S. banking giant because of concerns about a lack of transparency at the Holy See’s financial institution,”

Concerns, sure that’ gota be it.

R


28 posted on 03/20/2012 8:10:49 PM PDT by Rabin
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To: marshmallow

bump...


29 posted on 05/14/2012 10:43:33 AM PDT by EBH (Obama took away your American Dreams and replaced them with "Dreams from My (his) Father".)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...
Note: this topic is from March 19.
Thanks marshmallow.
JP Morgan Chase, one of America's leading banks, has closed down an account held by the Vatican bank at its Italian branch office in Milan. Neither the American bank nor the Vatican bank (formally known as the Institute for Religious Works, or IOR) offered any public comment on the move. But officials at JP Morgan Chase acknowledged that the IOR account was closed because of concerns about the possible use of the Vatican bank for money-laundering.
This should get some blood boiling, but I'm going out for the day, so... Paul Marcinkus ping:
30 posted on 05/23/2012 7:10:14 AM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...
Note: this topic is from March 19.
Thanks marshmallow.
JP Morgan Chase, one of America's leading banks, has closed down an account held by the Vatican bank at its Italian branch office in Milan. Neither the American bank nor the Vatican bank (formally known as the Institute for Religious Works, or IOR) offered any public comment on the move. But officials at JP Morgan Chase acknowledged that the IOR account was closed because of concerns about the possible use of the Vatican bank for money-laundering.
This should get some blood boiling, but I'm going out for the day, so... Paul Marcinkus ping:
31 posted on 05/23/2012 7:14:08 AM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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To: GlockThe Vote

You know that Bank of America and J. P. Morgan-Chase are different banks, right?


32 posted on 05/23/2012 7:30:50 AM PDT by Mr. Lucky
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To: GlockThe Vote

Post #32 was sent in reply to the wrong poster...in case you wondered why it made no sense.


33 posted on 05/23/2012 7:34:10 AM PDT by Mr. Lucky
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