The Vatican has found itself in the middle of a critical financial crisis, which threatens to jeopardize the livelihood of retired clergy and staff worldwide
  • jacksilver@lemmy.world
    1·
    1 month ago

    If there are physical assets to back up the loans, doesn’t that make it less of a scam than crypto.

    Maybe not a good business strategy, and maybe the loans outweigh the “true” value of the assets, but there is something backing it.