Replies to post #106244 on Lehman Brothers Financial SA (LEHNQ)

[joyceschoice]

JCPinny - I feel confused and don't understand the connection between the Vatican repatriating some of its 5B+ in tax free assets back to the IOR, "BlackRock" and LBHI. Do you have something more concrete to help me understand why this is relevant?

https://tinyurl.com/w4rfk9zx

It's quite the mashup.

[s404n1tn0cc]

Yup But most likely converted to real assets. IE Silver, Gold. Real Estate IMO
Really Hope Lehmas turn to convert all is assets by the time The Vatican finishes converting theirs..

[goodietime]

"What we do know is that Vatican Bank, officially titled the Institute for the Works of Religion, manages €5.9bn ($7.3bn, £4.64bn) of assets on behalf of its 17,400 customers. And it manages €700m of equity which it owns. Another titbit to emerge is that it keeps gold reserves worth over $20m with the US Federal Reserve."

How rich is the Vatican? So wealthy it can stumble across millions of euros just 'tucked away'

https://www.ibtimes.co.uk/how-rich-vatican-so-wealthy-it-can-stumble-across-millions-euros-just-tucked-away-1478219


There are INDIVIDUALS that are worth many times MORE than the Vatican.
imo, Vatican has very little to do with World Finances.