Madoff Scandal Ensnares Order of Patron Saint for Moralists

[Joanne98]

Source: Bloomberg


Feb. 13 (Bloomberg) -- Bernard Madoff may be testing the faith of followers of the patron saint of moralists and confessors, who sank money into the investment funds of the alleged mastermind of the largest Ponzi scheme in history.

Roman Catholic priests and institutions linked to the Redemptorist society in the U.S. and Italy appear on a 162-page client list of Bernard L. Madoff Investment Securities LLC, filed in U.S. Bankruptcy Court in Manhattan on Feb. 4. The religious order follows the teachings of Saint Alphonsus Liguori who preached about ethical behavior.

“The world is very hard, particularly in the manner of money,” said Stan Wrobel, a priest and treasurer at the Redemptorist headquarters in Rome. “We can only pray for the people who have been damaged and for the family of Madoff because they may need spiritual help, too.”

The Redemptorists, whose 5,400 priests and brothers work in 78 countries, haven’t disclosed how much they may have lost and are still tallying the sum, according to Treasurer Edmund Faliskie at the group’s Northeast U.S. office in Brooklyn, New York.



Read more: http://www.bloomberg.com/apps/news?pid=20601109&sid=apNDOtibG3HA&refer=home

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You can't make this shit up. The Redemptorists didn't get their redemptions.

[pleah]

1. You are right, you can't make this shit up!

:rofl:

[InkAddict]

2. More likely the Order didn't get their "indulgences"

Madoff on the other hand:

from: http://www.newadvent.org/cathen/07783a.htm

In a later period (eighth century to twelfth) it became customary to permit the substitution of some lighter penance for that which the canons prescribed. Thus the Penitential of Egbert, Archbishop of York, declares (XIII, 11):

"For him who can comply with what the penitential prescribes, well and good; for him who cannot, we give counsel of God's mercy. Instead of one day on bread and water let him sing fifty psalms on his knees or seventy psalms without genuflecting .... But if he does not know the psalms and cannot fast, let him, instead of one year on bread and water, give twenty-six solidi in alms, fast till None on one day of each week and till Vespers on another, and in the three Lents bestow in alms half of what he receives."

The practice of substituting the recitation of psalms or the giving of alms for a portion of the fast is also sanctioned in the Irish Synod of 807, which says (c. xxiv) that the fast of the second day of the week may be "redeemed" by singing one psalter or by giving one denarius to a poor person. Here we have the beginning of the so-called "redemptions" which soon passed into general usage.


Truely, aren't the ancient Wall Street-bought blackrobes' customs quaint...Cute, Bernie, the home-bound cantor.