Monday, July 16, 2007

$660 million?

The Archidioces of LA just settled out of court with 508 cases of sexual abuse for $660 million. That's dollars. That's 508 cases. $660 x 10^6. I'll give you that a number of these people are probably jumping onto the ox cart for a payout. Still...Let's say it's only 250 cases. THAT IS WAY MORE THAN ZERO!!!!! OK a number of questions come up...

1. Where does a body based on the vow of poverty come up with $660 million? OK, they have to sell some land and liquidate some holdings and borrow but they CAN come up with it. Could you? $660 milliion?

2. What is their souce of income to compile a portfolio that would allow even a chance of putting together $660 millon. Who's dropping the big coins in the plate?

3. Maybe it's time to let priests marry. Aparently polishing the candle isn't doing it for them any more.

4. BIG question....why doesn't the creator see this coming and DO something about it before it happens. This isn't any old chuch thrown together by some cracker in South Caolina with a microphone and a couple of snakes. This is THE church created by HIM. Upon this rock St Peter built THE church.* Well, what the hell? Is this working or not?


*The pope says that the Catholic church is the only real church but that other christians still get to go to heaven. . . .Sure, but I bet they have to go to the end of the line on the really cool rides.

From the LA Times:

The deal settles all 508 cases that remained against the archdiocese, which also paid $60 million in December to settle 45 cases that weren't covered by sexual abuse insurance.

The archdiocese will pay $250 million, insurance carriers will pay a combined $227 million and several religious orders will chip in $60 million.

The remaining $123 million will come from litigation with religious orders that chose not to participate in the deal, with the archdiocese guaranteeing resolution of those 80 to 100 cases within five years, Hennigan said.

The archdiocese is released from liability in those claims, said Tod Tamberg, church spokesman.

The settlements push the total amount paid out by the U.S. church since 1950 to more than $2 billion, with about a quarter of that coming from the Los Angeles archdiocese.

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