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But if I had the investigative resources, I would be looking into it. I learned this week that under John Paul II, there were three people who always showed up at the Vatican with lots of money: Last month, the Washington Post reported:. Schneck worked often with McCarrick. According to this report in the National Catholic Register:. The foundation is governed by a board of trustees, comprised of the eight U.
Grants are to be allocated to needs that are of particular significance to the Holy Father, and, often, they have been made to institutions and organizations in Third World countries.
LifeSiteNews has obtained internal documents of the U. Records from the financial police indicate the hospital has liabilities over one billion USD — an amount larger than the national debt of some 20 nations. Most of the board is composed of cardinals and other bishops, who greatly outnumber lay stewards.
According to the internal documents, the Pope made the request for the massive grant, which is times larger than its normal grants, through Papal Foundation board chairman Cardinal Donald Wuerl in the summer of Here is a link to one of the three leaked documents published by LifeSite.
The Audit Committee said this grant was so unjustified, and so reckless, that the Papal Foundation would have trouble recruiting future donors. Francis snubbed them all. In this excerpt, he quotes a document written by James Longon, a lay member of the board and head of its audit committee:. Cardinal Wuerl stated that the Holy Father is simply turning to the Papal Foundation for assistance to get through that bridge time while the hospital gets back on its feet. Sounds like a business loan to me.