Go read the rest here. His conclusions:
Cardinal Pell is not only sorting out the Vatican’s finances at an extraordinary pace; he’s also upsetting all the right people – sleek monsignori who exchange back-handers and morsels of poisonous gossip as they eye up the pudding trolley (and sometimes the waiter pushing it). If this is the best they can do, George Pell can rest easy.
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Foolishness to the world 
Good for Cardinal Pell, I say! The Church of the poor has, for too long been associated with the trappings of wealth and vulgar richess.
I do not think beautiful liturgical vestments have anything to do with “the trappings of wealth and vulgar riches,” by the way.
“Trappings of wealth” and “vulgar riches” are not really equal terms. Clearly church furnishings and vestments made from expensive materials have that much in common with the “trappings of wealth”. That does not necessarily make them vulgar. The suggestion that the US$3000 bill from Grammelli’s represents a cappa magna, BTW, is ridiculous. Fifteen metres of silk with an ermine-lined hood is going to run many times that. Apparently one pair of liturgical gloves from that store costs €1000–about US$1100.