Umberto Calvini:
"The government bankers want to control the debt,
And whoever controls the debt, controls everything.
This is the essence of the banking industry,
to make us all slaves to debt."
Posted on 11/30/2010 10:46:43 AM PST by maggief
Is the target of the Wikileaks "Big Bank" exposé going to be Bank of America?
As the Huffington Post points out, Julian Assange talked about BofA last year in an interview with Computer World, claiming "he had acquired a large cache of information from Bank of America."
He specified that he has 5GB of material on the company.
In the interview Assange said: "At the moment, for example, we are sitting on 5GB from Bank of America, one of the executive's hard drives. 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."
Yesterday, a Forbes interview revealed that early next year, Assange will drop a trove of documents that could take down "one or two banks."
(Excerpt) Read more at finance.yahoo.com ...
The government’s one thing, but start goofing with the banks and see how long you stay alive. Guess he doesn’t know that BofA is a, how shall we say ... an “ethnic Italian from a certain southern island” entity. Might just as well attack the Chinese tongs or the Russian “industrialists” and think you’re somehow bullet-proof.
He said 1 or 2.
I think JPM Chase is in the mix:
Then again, India’s Tech Street, 15,000 person facility is going to be/is JPM Chase’s largest now. Indian contractors here are getting/going to be left high and dry here. Cut off. Like a snap of the fingers. It’s called ‘capture’ or some such.
I read somewhere that Huffington Post and Politico guys are usually the first guys to receive info straight from the White House. They’re Obama’s first responders
I've seen bad powerpoint slides that are bigger than that.
I hope you're right. It's a cinch 0bama and Holder aren't going to do anything about it.
Well, look at all that Barney Frank's gotten away with.
Ah.........The New American Dream
Anyone wonder if Soros shorted BofA?
Just imagining that makes my RAM hurt and my swapfile nervous.
“The government bankers want to control the debt,
And whoever controls the debt, controls everything.
This is the essence of the banking industry,
to make us all slaves to debt.”
It was a head-spinning realization, when I discovered what we think of as money are really promisory notes, to be redeemed with...nothing.
“Guess he doesn’t know that BofA is a, how shall we say ... an ‘ethnic Italian from a certain southern island’ entity”
It’s been a while since that business had any connection to the sort that filled the slums in the era of Lucky Luciano.
No not Jamie Dimon he’s O’s favorite banker and a big supporter of Acorn :)
http://www.economicpolicyjournal.com/2009/07/president-obamas-favorite-banker.html
JPMorgan CEO Jamie Dimon Donates Serious Cash to Democrats - OpenSecrets
http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-dimon-donat.html
If you were wondering why there’s a sudden desire to shut these guys down, after they “leaked” all sorts of information about the Iraq and Afghanistan war - including classified material, which drew nothing other than “outrage” - well, now you know.
They’re after some banks.
http://market-ticker.org/akcs-www?post=173523
Well my guess were: Citi, BofA, JPMorgan Chase, and Goldman Sachs.
But I’m beginning to believe that the two things that would survive a nuclear holocaust are cockroaches and Goldman Sachs.
And don’t forget counter party risk:
Party A goes down but Party B holds enough of A’s debt that B goes down too
Kind of like Ireland to France, Germany, and the UK
or this guy:
Related??
http://online.wsj.com/article/BT-CO-20101130-711322.html
* NOVEMBER 30, 2010, 1:52 P.M. ET
Report: BofA First Got Favorable Deal From SEC On Merrill Settlement
By David Benoit
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)—Securities and Exchange Commission lawyers investigating Bank of America Corp.’s (BAC) purchase of Merrill Lynch felt pressured to bring a case quickly, and thus initially didn’t charge the bank over failing to disclose large losses at Merrill, according to a report from the SEC’s Inspector General.
Moreover, the report said the SEC gave the bank favorable treatment because it was a recipient of federal bailout funds. And the report said New York Attorney General Andrew Cuomo’s office refused to share some information with SEC lawyers.
The report, which was investigating a $150 million settlement between Bank of America and the SEC reached in February, was released Monday and concluded the SEC hadn’t acted improperly.
(snip)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.