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Posted by on Dec 1, 2010 in Economy, Law, Society | 0 comments

Target – Bank of America?

As I reported here Julian Assange told Forbes that his next target would be a large US Bank.  Raw Story reports that in October of 09 Assange said:

“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.”

Barry Ritholz observed:

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.

I agree that there is no way to embarrass the sociopathic banksters but it could still be a problem both for the banks and the Obama administration.  The citizens with pitch forks already know the banksters are crooks and think they are responsible for their current problems.  So what happens when the criminality is there in black and white in the media?  Can the administration and the “Justice” Department continue to ignore it or will they be forced to go after The Masters of the Universe?  This could be a bigger problem than cablegate or the Iraq and Afghanistan leaks.  And even if the leaks just involve BofA will they be able to stop there?  The pitchfork crowd thinks all the TBF banks are about the same.