Wikileaks next document drop may target Bank of America

November 30, 2010 by · Leave a Comment
Filed under: Industry News 

This could spell bad news for Bank of America.  Confidence in the bank is waning over the “foreclosure-gate”, Merrill Lynch and all the toxic assets.  If there is really damning evidence in those files that knocks the already tattered reputation, investors could pull their money from the company and force it into a very uncomfortable position.  I am looking forward to getting my hands on this once it becomes available and do some of my own analysis and write some articles for you to digest.

Business Insider – Is the target of the Wikileaks “Big Bank” exposé going to be Bank of America?

As the Huffington Post points out, Julian Assange talked about BofA last year in an interview with Computer World, claiming “he had acquired a large cache of information from Bank of America.”

He specified that he has 5GB of material on the company.

In the interview Assange said:

“At the moment, for example, we are sitting on 5GB from Bank of America, one of the executive’s hard drives. Now how do we present that? It’s a difficult problem. We could just dump it all into one giant Zip file, but we know for a fact that has limited impact. To have impact, it needs to be easy for people to dive in and search it and get something out of it.”

Yesterday, a Forbes interview revealed that early next year, Assange will drop a trove of documents that could take down “one or two banks.”

He confirmed that the information comes from a U.S bank.

Speculation that BofA is the bank in question is not unexpected, especially in the wake of the robo-signing scandal, which exposed an uncontrolled, often messy operation within the bank’s finance and mortgage divisions.

Source

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!