Econwatch
By

Daniel Carty /

CBS News/ January 3, 2011, 7:44 AM

Report: WikiLeaks Has Bank of America Scrambling

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Bank of America is scrambling to prepare itself ahead of an expected WikiLeaks document dump that may expose damaging information about the bank, according to a New York Times report.

After revealing thousands of leaked U.S. diplomatic cables, WikiLeaks founder Julian Assange said in November that he was set to expose as "ecosystem of corruption" at a major U.S. bank. In an interview more than a year earlier, Assange said he had five gigabytes of information from a Bank of America executive's hard drive and was deciding how to release it.

Given Assange's comments, Bank of America has set up a special team to pore over thousands of documents and investigating whether any computers have gone missing in an effort to pin down what information might possibly be exposed.

CBS News Special Report: WikiLeaks

The Charlotte, N.C.-based bank has also employed the consultancy Booz Allen Hamilton to assist with the review.

According to the report, the investigation has turned up no evidence to suggest that Assange has acquired a hard drive directly from the bank. But the bank provided documents to the Securities and Exchange Commission, congressional investigators and the New York attorney general's office in the last two years that could account for Assange's claims.

How WikiLeaks Enlightened Us in 2010

Officials from all three bodies deny WikiLeaks could have obtained the information through them.

In a move last month that could have inflamed any WikiLeaks aggression, Bank of America joined Mastercard and Paypal in ceasing to process payments to WikiLeaks, on the basis that its leaks may be illegal.

The U.S. Justice Department has indicated it is investigating possible charges against WikiLeaks and Assange. And in Sweden, Assange remains the focus of a sex crimes investigation. Swedish authorities have requested his extradition from Britain, where he remains free on bail.

© 2011 CBS Interactive Inc. All Rights Reserved.
8 Comments Add a Comment
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lucifersshadow says:
Wikileaks is just leveling the playing field, if you ask me. Anyone who thinks that the patriot act is not being used against its citizens is living in a dream world. The banks hire experts to take your money, so why should we not have experts to expose their corruption?
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Calendular says:
I have nothing but contempt for Wikileaks' brand of pseudo-journalism. If the same acts of unauthorized invasion of privacy were performed against one victim, and not entire nations or large faceless corporations, would anyone consider that type of harassment and possible extortion legal or even worthy? Unlikely. Lauding Wikileaks as noble for threatening the privacy of big banks is a little bit like claiming to abhor homicide on principle but applauding mass murder.
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010sonny replies:
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To have someone expose the principles of how these faceless enities manipulate our lives through their false and corrupt managment is only leveling the playing field a little bit. You can not be so naieve that you do not realize that these so called faceless creatures of yours do not have all the info they need on you and your family..From your financials,expenses, taxes, and the multitude of other information sources all the way to DNA. They know more about you than you do. They even Know what card your going to be dealt next before you even get it.
You still want to put your back into the sand ?
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010sonny says:
Wikileaks a breath of fresh air in a stale elitist atomsphere. Notice justice seek to silence him rather than seek the ill gotten gains of the elitist. Geeee I wonder why ??? Are we to surmize that the elite are beholding only to their own laws and justice? Consider; Paulson our X sceretary of the U.S. Treasury setting up a derivetive fund through Goldmen Sach to fail on sub-prime loans to make Millions by shorting the fund. Not a word of warning from his office to the public of our demise. No conflict of intrest...Right?? Then cries out for bail out to Goldmen Sachs, his X employer, Billions...Now still no conflict of intrest charges?? Do you think you could get away with that? Lets see..Cosematicaly prepare a house that is structurly a disaster to appear a sound structer and have a realator sell it. Then purchase insurance on property and inhabitants as the storm approches and procceds to be paid to you upon the demise of property and inhabitants. Then claim aloud "Who could ever have known this would happen"...Which justice are you held to, that is different from the elitist justice, that says you are in error.???
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no_slack says:
get em!
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newsbarn says:
God bless wikileaks
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MicheleMoore-happy1 says:
Ever wonder why you don't hear more from bank whistle blowers?

Bank whistle blowers are routinely silenced in America. Major media outlets are unwilling to risk loss of advertisin?g revenue to report these stories.

This article describes how it is being done - with major U.S. National Security contractors working for the banks that once employed the whistle blowers.

My experience - 20 years senior level management and technology consulting with a major Southeaste?rn bank that lost three Executive Vice Presidents during a major Securities and Exchange Commission examinatio?n of accounting irregulari?ties - see:

http://www?.reporting?wrongdoing?.com/help-?a-whistleb?lower.html

Reporting Wrongdoing Should NOT Ruin Your Life!
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blitzder replies:
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The banks are being foolish, if not Wikileaks, disgruntled employees will from now on, send documents to other similar websites, there is no way they can stop this, ever.