Scandal continues to rock the Vatican bank

Scandal continues to rock the Vatican bank
Scandal continues to rock the Vatican bank

Scandal continues to rock the Vatican bank

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A series of scandals have hit the Vatican bank (officially known as the Institute for the Works of Religion). Pope Francis has ordered an unprecedented investigation into this latest scandal and appointed a special commission to try clean house. Thomas Reese, a senior analyst for the National Catholic Reporter and author of “Inside the Vatican: The Politics and Organization of the Catholic Church,” tells us about the history of the bank. (Photo: AP Images).