Much Ado About Nothing

Loading...
Loading...
We can all stop worrying about the documents that WikiLeaks and Julian Assange have on Bank of America
BAC
because he hasn't a clue what they mean. According to
Reuters,
the documents that Assange said could "take down a bank or two" are probably going to be released without so much as a whimper. Privately the co-founder of WikiLeaks, Assange, said that he doesn't know if the documents he has contain any big news or scandals, and are dated five years ago, well before the Countrywide or Merill Lynch transactions. Assange doesn't even understand what the documents are saying, and in order to figure out whether they are newsworthy or not, he'd need a bevy of financial experts. Despite denying recently that the documents were about Bank of America and contained "some flagrant violations, unethical practices" and added that it could "take down a bank or two," an interview from a Computerworld magazine two years ago shows that Assange is indeed in
possession of 5 GB of data from Bank of America.
He just has no idea what it actually means. There was even
speculation
that WikiLeaks was going to release the documents before the end of 2010, but obviously this didn't happen. On 60 Minutes last month, Assange said, "There'll be a process of elimination if we denied some and admitted others... I think it's great. We have all these banks squirming, thinking maybe it's them." Assange had planned to have the last laugh in this game at Bank of America's expense. Now it looks like Assange is the one with mud all over his face.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: Movers & ShakersJulian AssangeWikiLeaks
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...