What utter bullshit. The Catholic Church is one of the richest entities on this planet, but we’ll let them pretend their San Francisco branch is a separate entity, so the church can get away with centuries of kiddie-diddling and continue kiddie-diddling until the Rapture.
A legitimate victory against one of the great evils of the world. May we all live to see the Vatican in flames.
This is only a positive thing if it means their victims end up receiving the full amount of the payments they are owed over time in case they don’t have the liquid assets to pay out right away. It won’t undo the abuse either way, of course, but should at least make things slightly better. If this turns out to be some kind of stalling attempt or method of weaseling out of their obligations, it’s just adding insult to injury and worthy of additional punishment.
They’ll move the assets out of the archdiocese first then declare bankruptcy specifically to preserve their assets.
Texas 2 Step danced to the Papal Hymns
The Vatican state’s an even better shelter for their money than the Caymans - must be nice to have a religious organization that literally has its own country!
Oh, but the San Fran franchise is broke. Yep, we know how this game works.
Thoughts and prayers.