I don’t believe that we are ‘bishop-bashing’ by stating what various news agency’s are reporting. That is not my intent.I hope this doesn’t turn into a bishop-bashing gossip thread.
Sure seems like your intentI don’t believe that we are ‘bishop-bashing’ by stating what various news agency’s are reporting. That is not my intent.
CG
Hang on a second about that one.Before you draw any conclusions about how great Cardinal Dolan is, you may want to read other sources about the documents turned over today.
From the AP
In his June 4, 2007, letter to the Vatican, Dolan said the cemetery fund money would still have to be used to care for cemeteries if placed in a trust. But, he added: “By transferring these assets to the Trust, I foresee an improved protection of these funds from any legal claim and liability.” news.yahoo.com/records-dolan-warned-vatican-sex-abuse-scandal-193306028.html;_ylt=A2KJ2PZfONNRc2MAtQzQtDMD%20%20target=
The amount reported (in various articles) was 57 million dollars. That would have been money given to the victims and their families. In stead, it was transferred to a ‘trust’ and then the Archdiocese of Milwaukee filed for bankruptcy. So if you believe he did the right thing by protecting money rather than the victims, I guess he is a great guy. The bankruptcy court may think otherwise though.
I don’t think anyone is suggesting that perpetual care of cemeteries isn’t a noble cause. What I find troubling is the possibility that the Cardinal transferred the money to the cemetery trust - not for perpetual care of the cemetery - but simply to protect it from litigation. I’ve seen the Cardinal on TV and have heard him on the Catholic Channel on satellite radio - he’s a good communicator and comes across as an affable fellow. I’d like to give him the benefit of the doubt. However, when I read the letter, my first thought was that the Cardinal’s own words were rather incriminating.Hang on a second about that one.
When you buy a funeral plot, you not only are paying for the real estate, you are paying for “perpetual care” for that real estate.
So if that $57 million for that trust was left accessible to the lawyers, then the ones who would be directly hurt by that would not be the “archdiocese”… the ones hurt would be the deceased and their loved ones.
I don’t know if the exact amount of $57 million was the right amount to put in trust or not…and that is a reasonable discussion to have (I would think that the goal would be for the cemeteries to be able to operate of the proceeds of that principal and that the principal would only be tapped into if there was some major disaster)
And as for That would have been money given to the victims and their families.let’s just make sure the record is straight on that one, too. Lawyers don’t operate for free. About half of any settlement amount goes straight to the lawyer before the family even sees a dime of it. People tend to forget that little detail.
That’s an important point. Recently in one of the Church bulletins, it was written that someone had willed $10,000 to that Church. While the Church expressed its gratitude, they also mentioned that the legal fees involved way exceeded that amount. Will accordingly, it seems. Lawyers don’t do much pro bono work for the Church anymore.And as for That would have been money given to the victims and their families.let’s just make sure the record is straight on that one, too. Lawyers don’t operate for free. About half of any settlement amount goes straight to the lawyer before the family even sees a dime of it. People tend to forget that little detail.
You are quite correct. And other funds held in trust for future needs, such as retirement and other benefits for priests and staff (including parish teachers and other staff) could have been at risk.When you buy a funeral plot, you not only are paying for the real estate, you are paying for “perpetual care” for that real estate.
So if that $57 million for that trust was left accessible to the lawyers, then the ones who would be directly hurt by that would not be the “archdiocese”… the ones hurt would be the deceased and their loved ones.
The fund actually existed long before it was moved into a separate trust. It appears on the Archdiocese’s annual financial reports and from 2004 to 2011 ranged between $44.7 million and $59.9 million (usually 50 million or more). The variances are likely due to market conditions, as the funds were (and are) invested in stocks and bonds. So the amount transferred to the Trust was based on what was in the designated funds at that time, according to the financial statements. Under the current arrangement, the Archdiocese gets reimbursed by the Trust for its expenses in maintaining the cemeteries.I don’t know if the exact amount of $57 million was the right amount to put in trust or not…and that is a reasonable discussion to have (I would think that the goal would be for the cemeteries to be able to operate of the proceeds of that principal and that the principal would only be tapped into if there was some major disaster)
Earlier this year, the Archdiocese reported having spent around $9 million to date on legal expenses just involving the bankruptcy. The costs (legal, therapy, claims payouts, etc) involving abuse matters over the past decade or more is around $37 million. So at this point we are talking about costs to the Archdiocese (which also means to those who have contributed to the Milwaukee Catholic Church over the years) approaching $50 million.And as for That would have been money given to the victims and their families.let’s just make sure the record is straight on that one, too. Lawyers don’t operate for free. About half of any settlement amount goes straight to the lawyer before the family even sees a dime of it. People tend to forget that little detail.
Are you saying the victims aren’t entitled to any money?Everybody knows that money heals all wounds.![]()
You are loosely using the word ‘victims’. Very deceptive of you. Fact: the alleged victims get very little money. Most of it goes to the trial attorneys. Another fact: most of the monies come from insurance companies, who -choose- to settle, often when the diocese involved and the accused stand ready to vigorously defend themselves.Before you draw any conclusions about how great Cardinal Dolan is, you may want to read other sources about the documents turned over today.
From the AP
In his June 4, 2007, letter to the Vatican, Dolan said the cemetery fund money would still have to be used to care for cemeteries if placed in a trust. But, he added: “By transferring these assets to the Trust, I foresee an improved protection of these funds from any legal claim and liability.” news.yahoo.com/records-dolan-warned-vatican-sex-abuse-scandal-193306028.html;_ylt=A2KJ2PZfONNRc2MAtQzQtDMD%20%20target=
The amount reported (in various articles) was 57 million dollars. That would have been money given to the victims and their families. In stead, it was transferred to a ‘trust’ and then the Archdiocese of Milwaukee filed for bankruptcy. So if you believe he did the right thing by protecting money rather than the victims, I guess he is a great guy. The bankruptcy court may think otherwise though.
When the “victims” are faceless,nameless, unwilling to file charges in a criminal setting (where SOL is more lax) while leapfrogging straight to the civil process, using bogus psychology to circumvent SOL, unwilling to face those they accuse, using professional “victim’s advocates” to try the accused in the court of public opinion before the accused has had opportunity to due process, deliberately tainting the jury pool, etc. ad nauseum…Are you saying the victims aren’t entitled to any money?![]()
I challenge you to read the other side of the story before giving various news agencies carte blanche approval.I don’t believe that we are ‘bishop-bashing’ by stating what various news agency’s are reporting. That is not my intent.
CG
Your post as a whole is incredibly naive. Do you have any idea how often the police -were- called, and the police declined to do anything,leaving the diocese and the bishop holding the bag? I know of many instances where the actions of bishops and the Vatican was harsh and severe when civil authorities refused to do ANYTHING.He could have gone to the police.
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The moving of cemetery funds is a wise way to steward funds for their intended purpose. When the Archdiocese of Portland moved toward bankruptcy, our Archbishop needed to establish that the property held in trust by the archdiocese for parishes belonged to the parishes on the archdiocese. Hard working innocent parishioners were not to be held liable for the crimes of priests or the mismanagement of information. The same is true for cemeteries. The land was purchased for the purpose of creating a holy resting place for the people of the diocese, not as investment property to run a diocese. Plenty of money was set aside for present and future claims for victims. Thanks be to God for wise stewards like Cardinal Dolan and our own Archbishop (emeritus) John Vlazny!
He didn’t protect money “rather” than victims, that’s a completely false assertion. He couldn’t protect the victims because what happened to them happened before he arrived in Milwaukee.The amount reported (in various articles) was 57 million dollars. That would have been money given to the victims and their families. In stead, it was transferred to a ‘trust’ and then the Archdiocese of Milwaukee filed for bankruptcy. So if you believe he did the right thing by protecting money rather than the victims, I guess he is a great guy. The bankruptcy court may think otherwise though.