The Pope Attacks Derivatives, Says They Are Still “A Ticking Time Bomb”

Queen and Pope Francis at the Vatican

Join Our TRUTH INSIDER Email Newsletter


The Pope Attacks Derivatives, Says They Are Still “A Ticking Time Bomb”

Vatican condemns financial industry abuses

The 10,000-word document attacks everything from CEO compensation to the rise of the payday lending industry.

by Victoria Guida – original published 5/18/18


free bitcoin every hour

The Catholic Church on Thursday issued a blistering critique of the global financial industry, arguing that not enough has been done in the wake of the 2008 housing market crash to stop unethical, risky and reckless behavior.

In a 10,000-word document approved by Pope Francis, the Vatican attacks everything from CEO compensation to the rise of the payday lending industry. It says derivatives, the complex securities contracts that fueled the market meltdown, are still “a ticking time bomb.”

Read More Here!

Mainstay
Please use the buttons below to TWEET & SHARE this post ... and leave your thoughts & feelings in the COMMENT SECTION by scrolling down ...
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments