Bank Of America Shares Fall On WikiLeaks Fears

[Turborama]

Source: AP Via NPR

Bank of America Corp. stock fell Tuesday afternoon on speculation that it might be the target of a WikiLeaks document release early next year.

The bank's stock was down 36 cents, or 3.2 percent to $10.95.

In an interview published in the latest issue of Forbes magazine, the founder of the whistle-blower organization, Julian Assange, said he plans to release tons of internal documents from a major U.S. bank early next year. "It will give a true and representative insight into how banks behave at the executive level in a way that will stimulate investigations and reforms, I presume," he told Forbes. "For this, there's only one similar example. It's like the Enron e-mails."

While Assange wouldn't identify the bank to Forbes, he had said last year in a separate interview with Computerworld that he had several gigabytes of data from a Bank of America executive's hard drive.

Read more: http://www.npr.org/templates/story/story.php?storyId=131706053

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Bank of America shares plunge amid WikiLeaks rumor

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Bank of America issued a statement Tuesday as reports swirled online speculating Bank of America was the major U.S. bank in WikiLeaks' sites.

"More than a year ago WikiLeaks claimed to have the computer hard drive of a Bank of America executive," spokesman Scott Silvestri said.

"Aside from the claims themselves we have no evidence that supports this assertion. We are unaware of any new claims by WikiLeaks that pertain specifically to Bank of America."


Read more: http://www.thesunnews.com/2010/12/01/1842714/bank-of-america-shares-plunge.html

I'm glad I don't have any savings in BoA, but I feel sorry for everyday folks that do.

[Jefferson23]

1. Touche Assange. I can't wait to hear the calls for excusing the holy bankers and jail Assange. n/t

[Merlot]

2. BofA that's so sad that someone could harm your finances with speculation

or not so sad...

[earthboundmisfit]

3. This will make a bigger stink than the diplomatic ones

... and likely be more dangerous for Assange as well.

[loudsue]

4. I wouldn't call that a "plunge". In fact, the banking corporations have shown that they are

the owners of the embarrassed politicians whose e-mails & docs were wikileaked. The banks aren't worried.

[Lugnut]

5. Good.

Fuck 'em.

[dkf]

6. I'm not sure anything could shock me anymore.

And it's a bank so less opportunity for securities fraud than if one of the investment banks were in trouble.

[mahina]

7. They have my mortgage

so I hope there's no problems in that respect.

I really, really, really do not like BOA. I'm sure they richly deserve whatever's coming.

[byronius]

8. I like the people at the branch.

But my business is tied up with them pretty heavily, and the changes I've seen in corporate are bizarre and semi-suicidal. They created a 'risk department' that ruthlessly imposed extremely hostile changes on every business with outstanding credit lines, freezing them without warning and without a single late payment. They also randomly freeze deposits based on 'risk factors' that they alone determine, without warning, and without explanation. It's been costly for us.

This practice, along with the quite awful new ATMs made by Diebold (that exec needs to be killed, not fired), has burned a 20 year relationship to the ground. I fear them now, and will probably change banks within the next few years no matter what.

Idiots in high places.

[mackerel]

9. I need an early Christmas present, can he release the leaks

now!?! Fingers crossed =)

[Hissyspit]

11. byronius!

Long time no see.

[Amonester]

10. Maybe BOA will be bailed out...

if anything goes wrong...

Wait, they're not goldman sachs (sp?)...

[Javaman]

12. Assange is armed with info...

and all he has to do is make a statement without releasing anything and poof! people freak out.

I like to call this the al queda technique.