Archive for August 20th, 2012
“The finances of the Catholic Church in America are an unholy mess”
Posted by Voice of the Faithful in Catholic Church Finances, church reform, Voice of the Faithful on August 20, 2012
“Of all the organizations that serve America’s poor, few do more good work than the Catholic church: its schools and hospitals provide a lifeline for millions. Yet even taking these virtues into account, the finances of the Catholic church in America are an unholy mess. The sins involved in its book-keeping are not as vivid or grotesque as those on display in the various sexual-abuse cases that have cost the American church more than $3 billion so far; but the financial mismanagement and questionable business practices would have seen widespread resignations at the top of any other public institution.” From “The Catholic Church in America: Earthly Concerns” in The Economist, Aug. 18, 2012