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Catholic bank owned share in pill makers
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by generaldecay | August 5, 2009 at 09:33 am
64 views | 12 Recommendations | 2 comments
A Roman Catholic bank in Germany has apologised after admitting it bought stocks in defence, tobacco and birth control companies. Der Spiegel newspaper discovered the bank had invested... 160,000 euros in American birth control pill maker Wyeth.
Ok, I'm biased against the Catholic Church. Lapsed Catholics normally are and I am no different. I despise pretty much everything the Catholic Church stands for, so I will always point out its hypocrisy when I find it. This is a great example. Yes, the Church is opposed to contraception, as far as we know... but not, it seems, when there's money to be made..
A spokesman for Pax Bank said: "We will rectify the mistakes immediately without negative consequences for our clients. "Unfortunately in a few internal reviews, the critical investments in question were overlooked - we deeply regret this."
Yes, regretful indeed. Regretful that you were caught, per chance?
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Most RecentMost Recommended Comments (2)
at 13:41 on August 5th, 2009
ahh, hypocrisy at its finest I think.
at 09:26 on August 6th, 2009
Yup. That's what I thought. There's nothing redeemable about this story at all!
Thanks for the recommendation and comment, Amy.