• The Pope just called investment products that helped cause the financial crisis a 'ticking time bomb'

    3 monthes ago - By Business Insider

    The Vatican released a 10,000-word bulletin on global economics and finance on Thursday.
    The Pope warned against "unstable" products like derivatives and credit default swaps, calling them unethical.
    Pope Francis, the first leader of the Vatican from a developing country, has long sought to heighten awareness of global poverty.
    The Vatican released a scathing 10,000-word review of the global financial system on Thursday, specifically calling out derivatives like credit default swaps, products credited with helping cause the global financial crisis a decade ago.
    Credit default swaps - or...
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