Pentecost (today) is the last day of our Spring Campaign. Please be generous.
Click here to advertise on CatholicCulture.org

Memo to US bishops, II

By Diogenes (articles ) | May 04, 2004

In other headline news, today, a once-powerful Wall Street figure faces up to 2 years in jail after his conviction on charges of covering up criminal activities by his subordinates.

This is a big story, because: 1) Frank Quattrone was convicted because he authorized an email message asking employees to purge their files of potentially incriminating evidence; 2) In his heyday Quattrone was a really big figure on Wall Street; you could compare his status with-- oh, say, that of Cardinal Mahony in the US hierarchy.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

Show 1 Comments? (Hidden)Hide Comments
  • Posted by: extremeCatholic - May. 04, 2004 12:02 PM ET USA

    (full disclosure, I work in the same industry as Quattrone) A critical difference between FQ and the case of the bishops is that CSFB cut FQ loose after an internal investigation. Based upon what was disclosed and not denied, he was already condemned ethically by Wall Street. The only question was whether it was a criminal offense and now we that answer. By the way, if Martha Steward only had held on to her Imclone stock, it would today be a profitable holding. The stock rebounded.

Matching Campaign
Subscribe for free
Click here to advertise on CatholicCulture.org
Shop Amazon

Recent Catholic Commentary

Urgent! We need extra financial support between now and May 24th. May 22
What's wrong with these pictures? May 22
What can we learn from the dignity of military services? May 22
Was Lewis “basically Catholic”? May 21
Reading The Diary of a Country Priest: Scandal May 20

Top Catholic News

Most Important Stories of the Last 30 Days