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VATICAN FINANCIAL SCANDAL.

The Vatican and IDI financial scandal: A CNA explainer

Credit: Bohumil Petrik/CNA.

By Michelle La Rosa

Vatican City, Dec 17, 2019 / 10:02 am (CNA).- For more than a year, CNA has been following a Vatican financial scandal involatican ving a bankrupt Italian hospital, a potentially illicit loan from the Vatican’s central bank, and a controversial grant request to an American charitable foundation.

The financial scandal is one of several unfolding at the Vatican, and covered by CNA. Having trouble keeping them straight? You’re not alone. This is the first in a series of CNA explainers, designed to help you keep track of the money trails in and out of the Vatican.
Here’s the IDI scandal in a nutshell:

In 2012, an Italian hospital, owned by a religious order, went bankrupt, because its administrators had run up large debts while embezzling millions of dollars. The Vatican Secretariat of State then created a for-proft partnership with the religious order that had owned the hospital. The partnership agreed to purchase the hospital. To do so, it received – through a complex series of transactions – 50 million euro, through a loan from the Vatican central bank, APSA, despite the fact that APSA had agreed with European banking regulators not to make commercial loans.

In an attempt to take the loan off APSA’s books, officials in the Secretariat of State then asked the Papal Foundation, a U.S.-based charitable foundation, for a $25 million grant, which they reportedly requested under misleading or ambiguous pretenses. The grant was approved, but subsequent questions from board members ultimately led to controversy and opposition. The Vatican’s secretary of state, Cardinal Pietro Parolin, has said he organized the loan and the grant.

IDI hospital – The Istituto Dermopatico dell’Immacolata (IDI), an Italian dermatological hospital. After a series of embezzlement scandals drove the hospital into bankruptcy, it was purchased by a for-profit partnership created between the Vatican’s Secretariat of State and the religious order that had owned and managed the hospital.

IOR – The Vatican’s commercial bank, also known as the Institute for Religious Works, or the Vatican Bank. In 2015, the IOR rejected a request for a 50 million euro loan to a for-profit partnership created between the Vatican Secretariat of State and a religious order with the intention of purchasing the bankrupt IDI hospital. IOR board members determined that the hospital would never be able to repay the loan.

APSA – The Vatican’s central bank, similar to a federal reserve. Under 2012 European regulatory agreements, APSA cannot make commercial loans. However, after the IOR in 2015 rejected a 50 million euro loan request to purchase the bankrupt IDI hospital, APSA approved the loan, raising questions of whether it violated European regulations in doing so. Officials with the Vatican Secretary of State then asked the U.S.-based Papal Foundation for a grant to help remove the loan from APSA’s books. That grant fell through, and APSA has now reportedly written off most of the loan.

Papal Foundation – A U.S.-based group that gives grants to causes endorsed by the pope, often in developing nations and typically of $300,000 or less. The Papal Foundation was asked in June 2017 for a $25 million grant to help with a temporary cash shortage at the IDI hospital. The funding was initially approved, with cardinal board members who supported the grant outnumbering lay board members who opposed it. However, some lay board members continued to object to the grant, questioning whether it was actually intended to cover the bad APSA loan. Amid increased scrutiny, the grant collapsed. $13 million of the grant has already been paid, which the Vatican Secretary of State now says is being treated as a loan that will be repaid through discounts against future grant requests.

Cardinal Angelo Becciu – Formerly the number two official at the Vatican Secretariat of State. Multiple Vatican sources have told CNA that Becciu, along with Cardinal Giuseppe Versaldi, was key in organizing the effort to acquire the IDI hospital and to pressure the Papal Foundation into approving a $25 million grant to help offset the potentially illicit APSA loan, removing it from the books. Becciu denies any involvement, saying he had lost interest in the project by the time of the Papal Foundation grant.

Cardinal Pietro Parolin – Vatican Secretary of State. Parolin told CNA that he was responsible for arranging the 2014 loan of 50 million euros from APSA, the Vatican’s central bank, to partially fund the purchase of the bankrupt IDI hospital. He said the arrangement was “carried out with fair intentions and honest means,” although the loan appears to violate 2012 regulations prohibiting APSA from making commercial loans. He also said that he had devised a plan, along with Cardinal Donald Wuerl, to ask the U.S.-based Papal Foundation for the money to cover APSA’s bad loan.

Theodore McCarrick – Former cardinal who has now been laicized for sexually abusing minors. McCarrick met with the secretary of APSA in July 2017. He later pressured lay board members of the Papal Foundation to support the grant, suggesting that questioning the Vatican funding request was inappropriate and would challenge the integrity of the foundation itself.

Cardinal George Pell – Former head of the Prefecture for the Economy, charged with overseeing the Vatican’s financial accountability. In this role, Pell reportedly objected to the APSA loan to buy the IDI hospital. After lobbying from Becciu, Pope Francis withdrew oversight authority of APSA from Pell’s office in 2015. Pell is currently in prison in Australia, convicted on controversial sex abuse charges, which he is appealing.

72 replies on “VATICAN FINANCIAL SCANDAL.”

I can see a queue in the pros ref; one by one the staff asking fanny, “are ya a racist now father?”.
Did fanny miss the powerful message? The one that said Jesus can for all. He wasn’t a racist when the Centurian came for help. Perhaps fanny might review his position and call Jesus a sexist – just like the church proporting to follow him.

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Mullaney has a point.
No matter how this Gospel passage is sliced, Jesus’ words to this begging woman are far from gentle. Either the passage is apocryphal, or Jesus was a racist. I suspect the scene is genuine, since it places the Son of God in a very poor light. Which would suggest that Christians are liars: God, if he exists at all, does Not value all people.

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What a total load of tripe.
Very likely you’ve done a year or two at some skid-row seminary and it’s left you with the belief that you know all that there is to be knowed.
What right have either Mullany or yourself to go finding fault with the pronouncements of God Incarnate.
The two of you are a right pair of atheists, and it’s not as if either of you were ever professors of Koine Greek at Oxford or Cambridge.
Have regard to Proverbs chapter 6, the passage commencing at verse 16, “There are six things the Lord hates, seven that are detestable to him … ” — and number one on the list is haughty eyes.

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Yes, and it can mean either that Jesus Christ was a racist (and if racism is a sin the Lord is therefore a sinner, even though the Church teaches He is without sin) or racism is not a sin.

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Anonymous 24th Dec 2019 — 9:21 am – wrote, “Seriously!! Did Fanny really say that??”
Yes. He did. Here’s the full text – https://www.catholicbishops.ie/2019/12/19/homily-of-father-michael-mullaney-at-the-annual-christmas-carol-service-in-saint-patricks-college-maynooth/
It’s absolutely shocking.
Reverend Professor Michael Mullaney is President of Saint Patrick’s College, Maynooth and yet he doesn’t seem to accept the basic Christian doctrine of the Hypostatic Union.
When Ledwith ran off to New York he became some sort of a Hindu. Perhaps Mullany is positioning himself to become a Muslim.

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Enough said? Hardly.
Can you explain your curious comment? Or are you just as bigoted (towards Fr Martin SJ) as Gentle Jesus was to the Canaanite woman?

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What’s first on that hate-list of God Almighty, Joe Lollard? Wouldn’t be hypocrisy, would it, by any chance? Because his Number One and Only Boy, Jesus of Nazareth, called that woman a dog. Is that how you address those who ask for your help? The desperate and sincere? As dogs?

What is tripe are you God-botherers who bs about how loving your god is, but then clam up when asked to explsin the disgraceful and inhumane way in which Jesus treated certain people.

Come on, Joe! Have a go. No more cowardly evasion. Convince me that the pale man of Galilee behaved in a (ahem) Christian manner towsrds that woman.

I’m all ears.

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BAS: You rightly make a point many atheists/humanists and agnostics repeatedly ask about.
It is a fact that there is virtually no objective corroborating contemporary evidence for the alleged events of the New Testament gospels. What they contain and profess are a selection of multi copied/transcribed written accounts initially verbally handed down by believers and followers of the JC Saviour legend.
And even both the authenticity and interpretation of those are hotly contested by the supposed experts.
So it’s little wonder those who question the bible’s authenticity and relevance similarly disregard as irrelevant those quoting it as if it were some irrefutable evidence.
MMM

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At 3.29
The Roman historians Tacitus (56-120 CE) and Suetonius (d.126 CE) on the historical Jesus:
https://bib.irr.org/tacitus-suetonius-and-historical-jesus
I remember you wrote about the ‘mediocre’ education you received in Ireland compared to the superior higher education you received in Scotland and somewhere else in the UK.
You may not have been in the right place at the right time.
“Scorning the base degrees by which he did ascend” Shakespeare’s Julius Caesar

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Magna darling, put this record on for mummy. It’s the introit of midnight Mass sung by the Vatican choir, very suitable for the day and this post.

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The recent set of Vatican scandals are significantly different from those that went before.
Previously the Vatican just got bad publicity.
Now there’s a real possibility that Papal bank accounts might be frozen and then seized. And with Pell in prison a lot of the hierarchy must be worried about their own legal liabilities.

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This year has been one exposee after another of the ills of the RCC . As we prepare to celebrate the birth of Christ it is heartbreaking to see how far the RCC has deviated from the teachings of Christ. Clericalism, notions of power, doing whatever they think fit is rampant within the Church of Rome. Let us not kid ourselves: it has been like this for years but fear of the institution has kept it under wraps. That brave people will no longer be silent is a testament to Christ and his true message. None of us is without faults. It is only by acknowledging them and seeking forgiveness with true repentance that we can grow in Christ. Constantly putting up barriers to deny our wrong doings or constantly trying to cover up is a disservice to Christ’s message. It is way past time for this institution to live the gospel message and not just preach it. It is a time for spiritual renewal. I wish all your contributors, regardless of who they may be a happy and holy Christmas

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Thanks ANON @ 8:26 for the historical references, albeit I’ve seen similar elsewhere. I can quite accept what they refer to: that some inspirational Jewish fellow called JC possibly existed and greatly influenced his followers. But beyond that, to go on to accept the validity of the core assertions of christianity, (JC as God personified to bring us salvation etc.) well that’s just ridiculous in the extreme. It’s mythological wishful believing hogwash perpetuated by self serving clerical vested interests.
Despite my several previous challenges here on this topic no one seems able to provide even a shred of intelligent evidence for the authenticity of the claims of the RC church.
MMM

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Tis same auld cow pooooooo
Back to the manger The carollers sing. Glory to the New Born King.
Merry Christmas Ho Ho Ho. Hi

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Further to my comment from yesterday’s blog made at 6:36 am this morning, I would like to repeat that I was asked to support the two men who have made the recent complaints to the Jesuits against Fr Prior with my own experiences of this priest.
Again, for the last time, I offer Prior or any of his cronies to put their names to their comments and challenge me in the open – like real men.
That Prior now no longer has any power or influence over seminarians is a very good thing for the Priesthood and Church in this country.
I left Maynooth of my own free volition and was subsequently asked by Hugh Connolly and Michael Mullaney – at a meeting which I attended in the presence of my father – to re-enter the seminary following an arranged “facilitated meeting” with Prior. I have an email that Hugh Connolly sent to Archbishop Diarmuid Martin as proof of the preceding which I obtained pursuant to GDPR 2018.
My only regret from my time in Maynooth is that I didn’t deck Prior with a punch.
Whether the Jesuits take any action against Prior or not is their own business.
My conscience is clear before God.
I do not fear any man but only God.

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So, not only is Gaynooth a moral cesspit, it is presided over by a heterodox theological illiterate.
To call Fanny’s interpretation of Our Lord’s encounter with the Syro-Phoenician woman ‘shallow’ is an understatement.
But what can one expect from a not very bright man who doesn’t really believe anyhow?
In any case, Fanny, even were he capable, or of a mind to do so, couldn’t really preach the true Gospel to the audience of that performance of carols in any case.
Most of the pro abortionist, sniggering up their sleeves at the Christian Faith, “woke” audience, would walk out if they heard the Gospel preached as the Lord intended.
They’re only there for the craic and the “tradition”. It means nothing to most of them. Its all charming little myths that make them feel a little fuzzy wuzzy inside, briefly, before they remember how “enlightened” and beyond all that sort of nonsense they all are.
So theologically illiterate and faithless Fanny has to try and be “trendy wendy relevant” and falls into heresy during the attempt.
Between a perverted Formation Director, getting his rocks off in private encounters with seminarians he fancies, a President whose Christology could have been written by Dawkins, seminarians trawling Grindr for sex and seminarians being sexually assaulted by their fellow seminarians, how, in Heaven’s name, is this school of degeneracy allowed to remain in business?
Fanny stands revealed before us all now as an apostate and a heretic. Someone call the CDF!

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How is Mullaney wrong on this? Jesus’ word’s to that loving mother are disgraceful by todays standard. By ANY standard. He called her a ‘dog’. Was that kind of him? She was desperately seeking his help. Not for hersrlf, but for her daughter. Was it gentle of him? The remark was unprovoked, and totally uncalled for.
So much for gentle Jesus, meek and mild. He was a bastard to that poor woman.
Stop running away from those parts of the Bible that present God in a shitty light.

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You need to consider your situation and repent.
For anyone seeking a sensible Christian exposition of that passage, Matthew’s gospel, chapter 15 verses 21 to 28 – the Faith of a Canaanite Woman – here’s a short 24 minute talk by a London vicar.

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Last year’s sermon at that grotesque carnival was just as woke, with Mullaney sucking up to his audience of Repeal the Eighth staff and students who never darken the door at any other time.
The whole farce is that when there were 350 seminarians in that place, the carol service was only held on one evening and you didn’t need a lottery ticket to get a seat.

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At 12:20pm – it would answer you better were YOU to go and read it!
Proud to be a “culture warrior”. Remember how Jesus cleansed the Temple and drove them out with a whip.
Maynooth has long gone down the tubes. The sooner the farce, with it motley crew of buffoons, is wound up, the better.

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Repent of what, Joe Lollard? Telling the truth about Jesus of Nazareth?

If I were to follow his example, I’d call the next beggar to approach me in the street a dog. If you heard ME do that, would you applaud my conduct? I’ll bet you wouldn’t. So why are you defending the disgraceful behaviour of the Nazarene?

What part of ‘calling someone a dog is not Christian’ don’t you get?

(Jesus clearly didn’t get it either.)

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I listened to the video, Joe Lollard. And you clearly missold it.
Far from being ‘an exposition’ of that passage in Matthew, it offers merely speculation on Jesus’ motive for treating the Canaanite woman in such a dehumanising and xenophobic way: ‘Could it be… ? And so monotonously on droned the vicar.
The woman clearly understood the word ‘dogs’ as a Jewish pejorative reference to her, and her people; but she surprised, caught off guard, the pig-ignorant Christ with her deflecting the insult (And it was an insult. Even your rambling vicar admits as much.) and turning it back on Jesus as an aid to learning, not least good manners themselves
If your God exists (and if you insist on his being ‘good’, then clearly he does not exist), it was the woman who taught Jesus something here, not the other way round.

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“Not Hugh Connolly” – The two complainants did a Google search on Prior following their experiences of him and found this blog. One of them got in touch with Pat who then put him in touch with me. This complainant asked me to provide my experiences of Prior to the Jesuits in order to show them that there is a trend with Prior and sexual-intimidatory practices.
My work is done.
Don’t ask me any more questions unless you put your name to your comment. The same goes for anyone else.

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Joe: You’ve stood up well and challenged malign authority. They, and their acolytes don’t like it: they never do.
Well done.
MMM

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Where is the word ‘prayer’ mentioned in that passage?
As for perseverance, the woman showed she already had that, in spadefuls, because she persisted in asking for help the pig-ignorant, ‘holy’ Nazarene, despite his cruel dismissiveness.
And yes, J of Naz, was pig-ignorant and cruel. There is no getting round this fact for the God-botherers.

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And Jesus rewarded her for her perseverance:
Matthew 15:22-28 New International Version (NIV)
22 A Canaanite woman from that vicinity came to him, crying out, “Lord, Son of David, have mercy on me! My daughter is demon-possessed and suffering terribly.”
23 Jesus did not answer a word. So his disciples came to him and urged him, “Send her away, for she keeps crying out after us.”
24 He answered, “I was sent only to the lost sheep of Israel.”
25 The woman came and knelt before him. “Lord, help me!” she said.
26 He replied, “It is not right to take the children’s bread and toss it to the dogs.”
27 “Yes it is, Lord,” she said. “Even the dogs eat the crumbs that fall from their master’s table.”
28 Then Jesus said to her, “Woman, you have great faith! Your request is granted.” And her daughter was healed at that moment.

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‘IF Jesus was so cruel…’?
If?
There was no ‘if’ about it: Jesus WAS cruel. The evidence for this is there, in the Gospel.
Jesus healed the woman after (and ONLY after) she had out-bantered him. Had she not managed to do do, he would undoubtedly have walked off, his power reserves intact.
It is amusing to know that the distance between illness and healing in the Gospel was sometimes dependent, not on the Nazarene’s concern for the sick, but on whether they were capable of playing his silly mind-games by making a smart retort.

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That Mullaney has such a wrongheaded interpretation of the Lord’s encounter with the Canaanite woman and, indeed, heretical and offensive view of Christ, is astounding.
If this the calibre of “teaching” in a Catholic seminary and Pontifical University, then the faithful are rightly aghast.
Mullaney is playing to the “woke” audience and his homily is an utter travesty of the Church’s Faith in who Jesus actually is. He should be censured by the CDF for his disgraceful remarks.
Racism is a sin and to be properly condemned. To attempt, however, to associate God’s Son with this sin is disgraceful and is indicative of an extremely erroneous Christology.

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If racism is a sin (and you’re adamant it is), then isn’t J the C a sinner? He called a foreigner ‘dog’ because she was a Canaanite foreigner.
Maybe you have trouble joining dots, so I’ll do it for you. Jesus’ behaviour was undeniably racist; the evidence is there. And that is Gospel truth. Quite literally.
So your God IS a sinner.
No need to call in the CDF; they’d probably make a pig’s ear of their investigation anyhow.

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More nonsense. Jesus was a man of his time. Two theological trends in late Hebrew Bible times were universal salvation and the Lord as the God of Israel only.
This incident shows Jesus moving from the former to the latter.
And like Jesus the teacher, Michael Mullaney being the good preacher that he is was able to shock people to attend to what he wished them to hear. That’s why we are still talking about last week’s sermon.
Happy Christmas!

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No. We are not talking about Mullaney’s sermon but about his heresy. His highlighting the evil of racism has become completely eclipsed by his accusing Jesus of the sin of racism. Fanny isn’t really all that bright. A good and true preacher would never preach falsehood to begin with. Mullaney was performing to his crowd and trying to be “hip”. He ended up dropping his drawers to unveil a fat heretical ass and a very poor grasp of basic Christology.

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From: Catholic Straight Answers: http://www.catholicstraightanswers.com
Why does Jesus refer to the canaanite woman as a dog?
“The passage in question occurs in Matthew 15:21-28. Our Lord is approached by a gentile Canaanite woman (also called the Syro-Phoenician woman) whose daughter is possessed by a demon. On first hearing their conversation, Our Lord definitely seems hostile and uncompassionate; however, to draw such a conclusion is contrary to who Jesus is.
This passage is indeed complicated. Understanding the cultural context will help. First, Jesus’ mission was first to the people of the covenant, i.e., the Jews, who were awaiting the Messiah. Technically, the mission to the gentiles was not granted until the Ascension, when Our Lord said, “Go out and make disciples of all the nations” (Mt 28:18-20). Nevertheless, He already had shown His openness to the gentiles, like curing the centurion’s serving boy (Mt 8:5-13).
Second, Jews considered gentiles as “dogs.” To call a person a “dog” was a severe insult. The Jews used phrases like, “gentile dog,” “infidel dog” and later, “Christian dog.” However, Jesus used the diminutive form for “dog,” better translated as “puppy.” So instead of calling her the insulting “junk yard dog,” He calls her “lovable puppy.” (Keep in mind the English translation misses this distinction from the original Greek text.)
One would also have to ponder about how Jesus said this phrase. He must not have said “dog” with contempt or scorn. Rather, He probably said it tongue-in-cheek. For instance, to call someone a “rascal” literally would be derogatory, but I remember calling my nephew (when he was a toddler) “you little rascal,” of course in a loving way. Our Lord may even have been criticizing the normal Jewish parlance.
What is most important is the woman’s faith and her perseverance: “Oh woman, great is your faith! Let it be done for you as you desire.” So in the end, Our Lord praises the gentile “dog” for faith and perseverance that surpassed the Jews.”

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Your post is the most desperate I’ve come across to justify the SINFUL conduct of the lying, evil Nazarene.

You cannot get round the FACT, no matter how imaginatively you try, that the person you call a loving God treated as TRASH a human being. You just cannot face up to this FACT.

Christians are gutless. Utterly GUTLESS!

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Jesus and the woman, jointly, were showing the disciples, who had stuck their oar in, that the caste system has ended (which authorities are so busy bringing back in).
Don’t treat them like they are extras on the set of Ben Hur or Life of Brian or something. None of them was po-faced.

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3.41: MMM – If it is the real MMM – disgrace and shame on you. What a pathetic thought! What a horrible nihilism. You certainly dwell in a dark world of hatred. A piece of crappy in seasonal cheer! You bar stool idiot. As for BAS…another piece of hate. You are peas in a pod. Septic Tank trash. I

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It is indeed I! So my perspective is repeated here……just to make it easy for you to read again.
But next time, do try to say something constructive in an attempt to debate the issues rather than just vent your frustrated spleen in personalised ad hominem retorts.
MMM

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BAS: You rightly make a point many atheists/humanists and agnostics repeatedly ask about.
It is a fact that there is virtually no objective corroborating contemporary evidence for the alleged events of the New Testament gospels. What they contain and profess are a selection of multi copied/transcribed written accounts initially verbally handed down by believers and followers of the JC Saviour legend.
And even both the authenticity and interpretation of those are hotly contested by the supposed experts.
So it’s little wonder those who question the bible’s authenticity and relevance similarly disregard as irrelevant those quoting it as if it were some irrefutable evidence.
MMM

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Pat, would you post that lovely picture of Coddle Martin with the turkey hat on his head?
It’s seasonal, festive and will give us all a wee chuckle, as we face into a cheerless 2020 with Brexit, Scotland leaving the Union, us getting landed back with the six counties and Fanny going on trial for heresy.

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3.41: Yes, MMM, by their fruits shall we know the atheists. Your comments today are unworthy of even the m8st hardened of atheists. Your guff about encouraging your drunken anti Catholicism is outrageous. Just unacceptable. Get a grip, you mountain goat.

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Congratulations @5:58 for posting another illuminating comment addressing the issue. Not for you the trash talk ad hominem personalisation. Well done!
MMM

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Another one @7:44 below,…. unable, unwilling, or just incompetent and afraid to debate the issues.
I recall someone’s recent contribution that the more intelligent comments here appear to come from those critical of RC orthodoxy by way of contrast to the ad hominem limited perception and contributions of the Cathbots and RC clergy.
Seems a perceptive observation to me.
MMM

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Kèep going Josie. Atta girl: when you don’t like the message shoot the messenger.
You Cathbots don’t like to have your precious beliefs challenged. And it’s invariably your “Christian beliefs” (sic) which motivate your personalised hostility.
MMM

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Pat, It’s almost midnight. I wish you the blessings of God as you celebrate the Birth of Christ. I hope your day will be a peace filled day and that you enjoy the celebrations.

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From National Catholic Reporter in an article about the Maciel and the Legionaries of Christ:
‘Finally, be careful about those priests, particularly the cohort of younger ones who idolize John Paul and his idea of “heroic priesthood,” which he viewed as best exemplified by Maciel, the cleric he once described as an “efficacious guide to youth.” Indeed. It is a model of priesthood built on sand and grand delusions about ontological differences and other hierarchical nonsense.’ https://www.ncronline.org/news/accountability/finally-legions-terrible-truth
Have you noticed how many of these types have a special priestly chalice for Mass, and carefully guard it on the altar making sure that it is not shared with anyone who is not a priest ? Small indications that the description above is alive and well, that this overarching sense of specialness and superiority is still there among many of our young priests. And, where has that led us ? Yes, in to our current existential crisis, in to the abuse crisis. If it is allowed to continue, where worse will it lead us, if it can get any worse ?
And, I end with a little vignette from a recent cathedral carol service, where the celebrant / dean treated us to a fawning welcome to a young priest who had been ordained in the cathedral and had returned, no doubt with the expectation that he would be feted, and brought out to read the prayers, as the dean breathlessly regaled us with stories of this young man coming to the carol service with his family as a youngster, and how wonderful it was that now this priest was one of the clerical club and here for us all to wonder at. I ask you !!

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I want to thank Joe Lollard for giving us the thoughts of the Anglican vicar on that controversial passage. It’s the only explanation that makes sense, and that’s what we should be looking for. Look for some goodness and you’ll find it. Go down the bitterness road, and that’s all you’ll have.

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