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Bank Julius Baer Issues Statement On WikiLeaks

Posted by kdawson on from the 11-days-to-say-very-little dept.

dtwood writes "The bank that got WikiLeaks.org erased from DNS finally hired a PR agency and issued a press release filled with half truths and non-statements. Tynan on Tech has it, along with some brief commentary. Worth a look."

2 of 187 comments (clear)

  1. Actually by wsanders · · Score: 5, Interesting

    I once worked at a place where a lot of people had security clearances. A coworker enjoyed scuba diving, and bought a condo in Grand Cayman. That security clearance whooshed away faster than a bottle of vodka in Britney Spear's glove compartment.

    Eventually the coworker was reinstated, so there are bind fide reasons for transacting business in the Caymans. Scuba diving, nig game fishing, genocide, drug dealing, weapons smuggling, corporate espionage come to mind, in addition to plain old tax fraud.

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    Give a man a fish and you have fed him for today. Teach a man to fish, and he'll say "WHERE'S MY FISH, YOU IDIOT?"
  2. Want to know how to kill a bank? by Colin+Smith · · Score: 4, Interesting

    Transfer all your money to them, then take it out as cash. Actual physical paper and metal.

    Because of the fractional reserve multiplier it has a currently 10 fold (in the USA, 30 fold in the UK and 50 fold in the EU) effect on their ability to generate further loans.

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    Deleted