Friday, September 4, 2009

Did Bernie Madoff Burn the Vatican Too?

Did Bernie Madoff burn the Vatican like a lot of other fat cats last year?

Someone sent the first article to me. I have waited to see if the MSM would like make comment or something professional like that on the unchallenged press release.

Why the net loss of somethings like $32 million dollars in one year? That’s a lot of solar panels on the Pope’s Rockstar Audience Hall – don’t you think?

Vatican City State reports $22M deficit, cites global crisis
The Vatican City State reported a deficit of $22 million for 2008…

The Vatican's annual profit and loss statements showed that the 108-acre sovereign territory, which includes St. Peter's Basilica and the Vatican Museums, fared much worse last year than in 2007, when it reported a profit of $10 million.

A Vatican statement attributed the shortfall to spending on telecommunications, Internet, and photovoltaic panels on the roof of the papal audience hall, as well as conservation and restoration work on the Vatican's art collections. The statement did not give a breakdown of expenses.
Council of cardinals blames Vatican budget deficit on economic crisis
The figures released by the Vatican were far less detailed than those provided each year since Pope John Paul II began publishing the figures in 1981. For example, the specific performance of Vatican investments was not mentioned.
Perhaps good old Bernie Madoff, through one of his many European partners, managed to lose his Vatican account too ??? Join the crowd guys.

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