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Two N. Y. Times Business Articles Have Ties to Vatican Bank Officials

Both of the following appeared in today’s New York Times business section:

“Lessons From the Collapse of Banco Popular: When Spain’s fifth-largest bank failed this month, Banco Santander swooped in to the rescue, and regulators breathed easy. They should have been scared.”

“Does God Want You to Spend $300,000 for College? The retail price of joining Father John I. Jenkins at the University of Notre Dame is climbing ever higher.”

(Since NYT articles are not free over a certain number, I won’t link to them but they’re easy enough to find.)

Banco Popular  and Banco Santander  are both connected to Opus Dei, at the top, an international secret society of plutocrats (Robert Hutchison, Their Kingdom Come: Inside the Secret World of Opus Dei).

Both banks have been charged with ripping off customers: “The scandalous economic practices of Opus Dei,” “Santander Bank fined $10m for deceptive marketing techniques,” and subpoenaed for predatory subprime loans.

Two Santander officials sit on the six-member Board of Superintendence of the Vatican Bank.

Mauricio Larrain, director of a Santander Bank Group, and Javier Marín Romano who “has held various positions for Banco Santander” including CEO.

Scott C. Malpass, also a member of the Board of Superintendence, is vice president and chief investment officer of Notre Dame University. He was paid “close to $5.4 million in total compensation in 2015.” In 2011 he was named one of the five highest paid chief investment officers of U.S. tax-exempt institutions.

Another example of Pope Francis’ “poor Church for the poor.”

 

(Previous blogs I’ve written on Vatican finance include The Un-Reformed Vatican, Pope Francis is Not Anti-Capitalism. By His Actions He Supports the Plutocracy and Pope Francis’ Personal Income 428 Million Euro in 2013.)

 

 

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One Response

  1. Betty- I have seen what happened on DK. I tried to comment on the help desk but it didn’t take because I’m on a time out. I don’t think you will get an answer from Administration because they have not told the other 8 or 9 they just purged from the site why they were removed. This seemed to be the only way I could get in touch.
    Fishtroller01

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