Vatican Bank

"We have no uncollectable losses."

I just saw an interesting post which itemizes the Vatican bank's financial situation.

While it is in no way comparable to financial disclosures common to Western, secular banking institutions, it is probably the most detailed Vatican financial disclosure that you are likely to see this side of St. Peter's pearly gates.

One comment stood out: the bank makes no loans and as a result "we have no uncollectable losses."

If only all those Wall Street titans could say the same thing!