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Bank of America: 'No Contact' with Wikileaks
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by Jordan Yerman | December 1, 2010 at 04:53 pm
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Wikileaks to Target Banks: BofA Shares Drop 3%
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Though Bank of America's global strategy officer says that BofA has had no contact with Wikileaks, shares in the bank have dropped 3% on the news that the whistleblower site, currently in the news over Cablegate, will be targeting banks.
Investors' concern stems from this tidbit in an Andy Greenberg interview with Julian Assange for Forbes:
Will we?
Yes. We have one related to a bank coming up, that’s a megaleak. It’s not as big a scale as the Iraq material, but it’s either tens or hundreds of thousands of documents depending on how you define it.
Is it a U.S. bank?
Yes, it’s a U.S. bank.
One that still exists?
Yes, a big U.S. bank.The biggest U.S. bank?
No comment.
We can see why BofA investors would be concerned: Assange went on to describe the upcoming leak as similar to the airing of the Enron emails: a glimpse into the decisionmaking processes of a corrupt organization.
However, Bank of America is not explicitly mentioned.
Assange said that Wikileaks gets about a 50/50 split in terms of information submitted to them, in terms of government and private-sector leaks.
We’re totally source dependent. We get what we get. As our profile rises in a certain area, we get more in a particular area. People say, why don’t you release more leaks from the Taliban. So I say hey, help us, tell more Taliban dissidents about us.
When? Which bank? What documents? Cagey as always, Assange won’t say, so his claim is impossible to verify. But he has always followed through on his threats.
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Jordan Yerman
Vancouver, British Columbia, Canada
Most RecentMost Recommended Comments (1)
at 06:12 on December 8th, 2010
BOA has been up to some very questionable practices. When the Bank is contacted they give one the run around. In our case, we asked a question as to why a fraud of over $60,000.00 was not reported to the authorities, and why was Bank protocols were ignored?The Bank has no answers other then to assign Bank Attorneys to quash the whole matter?Is the Bank hiding some things that could hurt a great many persons? What does Wikileaks actually know? As to BOA, my money is safer in my house under my mattress, with the dog sleeping on it.