Monday, January 26, 2009

Assets of Former Diocese of Pittsburgh Frozen

In a move that should greatly help those in Pittsburgh who want to remain Episcopalians and remain in the Episcopal Church 

Financial services firm Morgan Stanley has frozen the accounts of the Episcopal Diocese of Pittsburgh because it is unsure who should be allowed to access them.
Reported here.  This is good news for those who want to stay in TEC.  Up until now the dissidents have had control of these funds valued in the article at $20 million.  That could help a restructuring diocese a lot.

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