McCarrick pressured trustees at the Papal Foundation to agree to a grant intended to wipe out a bad Vatican loan after meeting privately with the APSA leadership - and after accusations against him had been made.
Washington D.C., Nov 6, 2019 / 03:40 pm (CNA).- Former cardinal Theodore McCarrick intervened to pressure members of the U.S. Papal Foundation to support a controversial grant request, intended to repay an illicit loan from APSA, the Vatican’s central bank. McCarrick met privately with the leadership of the bank in the months leading up to his intervention. McCarrick made the intervention in December 2017, after objections were raised to the Vatican’s request of $25 million from the Papal Foundation, for a bankrupt Italian hospital, the Istituto Dermopatico dell’Immacolata (IDI). The grant request from the Vatican Secretariat of State was, according to the minutes of a December Papal Foundation board meeting, first made in June 2017 as “an emergency request” from the pope, and was said to be intended to cover a short term cash crunch at the IDI. The Papal Foundation is a charity that confers grants to charities at the request of the Holy See. Grants do not ordinarily exceed $300,000…
...and when he was done being useful, after a lifetime of fellow prelates ignoring him seeping in sin, he was tossed aside like yesterday's trash. The whole thing is disgusting and reeks of faithless, power-grabbing creeps. The worst is faithlessness. It permeates every one of these scenarios, the Amazon (synod and pre-synod) debacle included. People of faith not standing ought to get off their weak, feeble knees and stand up to fight back, for the sake of the church that will remain when we are gone.