It must make a nice change for #Vatican watchers to have a different kind of scandal. President Ettore Gotti Tedeschi and director-general Paolo Cipriani of the Vatican Institute for Religious Works (IOR) - basically the Vatican bank - are under investigation by Rome magistrates Nello Rossi and Stefano Fava for suspected money laundering [Reuters 21 September 2010].
A Vatican statement has expressed “perplexity and amazement” at the move and “utmost faith” (“massima fiducia”) in the two men who head the bank.
Given that the Catholic Church is in the faith business, I assume they have thought pretty carefully about the theological implications of that statement.
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