God Is My Co-Bank Chairman

An official of the Vatican bank—officially known by the non sequitur name Institute for the Works of Religion—says its deposits are safe from the current global financial meltdown, which is welcome news to its customers, which include dioceses, Roman Catholic charities, other religious organizations, and the Vatican itself. The money’s safe because the bank doesn’t invest in derivatives, invests almost entirely in low-yield government bonds, doesn’t make loans, and has God sitting on the Board of Directors.

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