M
maciejk60
Guest
Do Roman Catholic Diocese print their own money? Or am I missing something?
Recently we have been hearing that several Diocese around the country have been settling the pedophilia law suits for 100’s of million of dollars. But they say that they are not using money form the local Parish collections to pay for the settlements. If not, where is the money coming from? Yes, I understand that they have insurance policies. These policies typically pay about half. But where does the other half come from?
I have heard the Public relations statements like “we will sell off Diocesan assets to cover their portion”. Yes I know that the deeds are in the name of the Bishop, but how did he acquire these properties? Did he print his own money? Or did he initially use funds from the Parish collections as down payments? Then add the mortgages to the annual operating cost of the Diocese and pay that with funds from the Parishes.
Where will the money come from to pay for the increase in insurance premiums? Is it like auto insurance? The premium stays the same until you have an accident and then the rates go through the roof. $100 million is a pretty high roof!!!
I have read the Diocese of LA is going to sell off much of their real estate and lease it back. Will they add those lease payments to the annual operating cost? If so, do they not consider the Parishes paying for those expenses?
Where is the truth is all this? Or is this just another cover up? It seems to me if we do not have changes made at the top it will be the same old song, played to a different tune!
Recently we have been hearing that several Diocese around the country have been settling the pedophilia law suits for 100’s of million of dollars. But they say that they are not using money form the local Parish collections to pay for the settlements. If not, where is the money coming from? Yes, I understand that they have insurance policies. These policies typically pay about half. But where does the other half come from?
I have heard the Public relations statements like “we will sell off Diocesan assets to cover their portion”. Yes I know that the deeds are in the name of the Bishop, but how did he acquire these properties? Did he print his own money? Or did he initially use funds from the Parish collections as down payments? Then add the mortgages to the annual operating cost of the Diocese and pay that with funds from the Parishes.
Where will the money come from to pay for the increase in insurance premiums? Is it like auto insurance? The premium stays the same until you have an accident and then the rates go through the roof. $100 million is a pretty high roof!!!
I have read the Diocese of LA is going to sell off much of their real estate and lease it back. Will they add those lease payments to the annual operating cost? If so, do they not consider the Parishes paying for those expenses?
Where is the truth is all this? Or is this just another cover up? It seems to me if we do not have changes made at the top it will be the same old song, played to a different tune!