Cardinal-elect Velasio De Paolis
Tridentine Rite for the Franciscans of the Immaculate
Cardinal-elect Velasio De Paolis, president of the Prefecture for Economic Affairs of the Holy See and pontifical delegate for the Legionaries of Christ, has ordained deacons in the Tridentine Rite for the Franciscans of the Immaculate. The order was founded in 1990 and given papal approval in 1998.
Meanwhile back at the office…..
Italian prosecutors have contested claims by the Vatican bank that it is trying to comply with international rules to fight money laundering, saying an investigation that led to the seizure of 23 million Euros ($30 million) from a Vatican bank account shows “exactly the opposite,” according to a court document obtained last Friday by The Associated Press.
An Italian court on Wednesday rejected a Vatican request to lift the seizure, leading the Vatican to express “astonishment” at the court’s ruling and indicating the case will not be cleared up quickly, as the Vatican originally predicted.
Since the money was ordered seized last month, the Vatican and the bank’s chairman, Ettore Gotti Tedeschi, have repeatedly said the allegations resulted from a “misunderstanding” and that the Vatican bank – officially known as the Institute for Works of Religion – has been working to comply with international rules to fight money-laundering.
AND….. theVatican says it ended 2009 with a loss of 4.1 million Euros ($5.93 million), compared to its loss of 911,514 Euros ($1.32 million) in 2008. In 2007 it had lost 9 million Euros ($13.03 million).
The Tridentine liturgy has returned with abundant papal blessings and a big push from some
big-power-boss new cardinals.
Perhaps the sale of indulgences — to replenish church coffers — will be the next