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...decided to insure the value of certain paper owned by the likes of Goldman Sachs (GS), Morgan Stanly (MS), and Deustsche Bank (DB). When the value of that paper fell, AIG was on the hook to pay off the "insurance" which kept the likes of Goldman from having to book large write downs. Those write downs might have pushed Goldman into a difficult financial situation. The same holds true for a number of the other companies doing business with AIG under similar circumstances...
When he first heard about a Vatican-sponsored course on exorcism for priests, journalist Matt Baglio was intrigued by the idea of this ancient ritual taking place in the modern world. In his new book, The Rite, Baglio follows American priest Father Gary - sent to Rome to train as an exorcist - and his apprenticeship with Father Carmine. Baglio talked to TIME about belief, skeptical priests and the particulars of the exorcism ritual. (Read "The Exorcist," one of the top 25 horror movies...
TIME: The thing that inspired this book was a class on exorcism. Tell me about it. BAGLIO: I was a freelance journalist living in Rome and had heard about this course called Exorcism and the Prayer of Liberation. It was organized by the Legion of Christ and their school, the Regina Apostolorum, which is Vatican-affiliated. Not knowing anything about exorcism or if the Church even still believed in it, I was intrigued by the idea of a university-level course teaching priests about exorcism...
When you started the book, did you lean one way or another in terms of whether or not you believed in the possibility of exorcism? I came at this topic very journalistically, not having an opinion for or against it. I wanted to really understand what it is and why the church still believes in it. But even exorcists themselves admit that 90% of the people that come to see them don't need an exorcism. There still remains a small percentage of cases, however, involving levitation, mind-reading and other paranormal phenomena that can't be explained through science...
...think that regardless of your book or the testimonials by these priests, there are many people who aren't going to believe that exorcism is valid? For people to just outright discount it is a little premature. I think that there's clearly something going on here. Even if you don't believe in the devil, how do you explain the paranormal? I would dearly love if science could really explain some of these things, but until then, the question is just too big to ignore...