Wikileaks: 5GB of Dirt on Bank of America

I have no idea if this is true — the speculation that it is BofA comes via Raw Story — but the most likely banks are the big ones BofA, Citi, JPM, and Wells Fargo.

Here is the sad reality: Can you really embarrass any of these banks? They were incompetently run, with criminally inept risk management. They blew themselves up, and exist today only due to the largesse of the taxpayer. They gratefully took all they could grab and more.

What else can you release to embarrass them?

Unless they have 5GB of video showing their CEOs engaging in bestiality, its hard to imagine Wikileaks embarrassing the big banks.

Excerpt:

In an interview published Monday, Wikileaks founder Julian Assange revealed that his whistleblower website intends to publish a trove of secret documents exposing the corruption of a major American bank.

He declined to say which bank, but he offered what may be a telling hint last year as to who the megaleak will target.

“At the moment, for example, we are sitting on 5GB from Bank of America, one of the executive’s hard drives,” Assange told the technology site Computer World in an article published on October 9, 2009.

The Wikileaks chief continued: “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.”

The Internet has been abuzz with speculations as to which bank the famous — or notorious — website will expose. Although Assange’s hint is far from a dead giveaway, his strategic approach to publishing secrets suggests that his next target may well be Bank of America, the nation’s largest bank in terms of assets.

See also the Forbes interview with Wikileaks founder Julian Assange.

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