Why do banking crises keep happening? When depositors are protected, some banks cannot resist making risky loans. And paying fines for doing so has become a usual cost of doing business.
On this week's episode of Inside the Vatican, Ricardo and Gerry discuss the most recent happenings in the Vatican's mega-trial of the century with the Vatican bank.
Catholic social teaching has always acknowledged a role for government regulation of the economy. The economy is to promote the common good, not benefit owners and investors alone.
Ten people are on trial in the Vatican, facing multiple charges regarding the Vatican Secretariat of State’s investment in a property on Sloane Avenue in London. The Vatican lost more than $200 million on the deal.