the devil IS in the details
the catholic bank, pax, admitted that it had made some bad investments ($1M plus) and not of the money-losing kind. it invested in companies that manufacture birth controls pills, guns, and tobacco products. the bank prides itself on ethical investment and steers clear of companies that are not in-line with vatican doctrine. as part of the admission, the bank’s spokesman said “we will rectify the mistakes immediately without negative consequences for our clients. unfortunately in a few internal reviews, the critical investments in question were overlooked – we deeply regret this.”
i guess the vatican bank has something in common with those bitter people president obama mentioned back when he was candidate obama, you know, the ones who cling to guns and god.
photo courtesy of roblisameehan
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