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Anonymous Leaks Internal Bank of America Emails
euphemistic writes "Reportedly the information Wikileaks was set to disclose about a particular bank back from December, 'a massive batch of internal Bank of America emails' has been leaked. While the site hosting it seems to currently be down due to the obviously gigantic amount of traffic interested in this leak, the leak is said to pertain to the Bank of America's improper foreclosure on homes. 'The report came from a former employee with Balboa Insurance — a risk management and insurance firm. The employee reportedly corresponded with Bank of America employees and was told to falsify loan numbers on documents to force Bank of America to foreclose on homeowners.'"
Reportedly the information Wikileaks was set to disclose about a particular bank back from December, "a massive batch of internal Bank of America emails" has been leaked.
Is this saying that Wikileaks' information was leaked by a third party?
As for bank foreclosure fraud, we've known for a year or more that banks have been doing that. A common case is that all the shady asset-juggling left things in a state that no one knows who actually has the rights to it, so the evictions are rushed through without proper legal scrutiny, or even on the basis of forged documents.
Sheesh, evil *and* a jerk. -- Jade
Wikileaks is sitting on all sorts of good stuff about Russia. Why does Assange not release that?
I prefer the "u" in honour as it seems to be missing these days.
I have actually looked into doing that, well I looked into setting up a Building Society here in the UK (Our equivalent of a Credit Union) but according to the Building Society Association, it needs a minimum of £1M backing with 10 members agreeing on a business plan which can take 2 years to get approval from the FSA. The last Building Society to be setup was in the 1980s.
In some ways I think it's good that it takes a lot of effort and regulation to setup a Building Society but in a post Bankers are scum world, it does kind of feel like it's just there to stop new players entering a market which competes against banks and their huge profit margins.
I wonder if there will be some new Building Societies started up in the future given the hatred of bankers or whether the market has now been so well sewed up and no small BS's could ever be started again.
These comments are my personal opinions and do not necessarily reflect the opinions of the other voices in my head.
yep have to admit when all the mortgage things happened, the credit unions remained unscathed. My wife and I asked our credit union about that and they said they don't report to a board but only report to their members so they are not under alot of pressure to make giant risky investments; they are only their for their members. And while other banks were being taken over left and right, you didn't see hardly any credit unions being taken over.
This is my sig. There are many like it but this one is mine.
Of course nothing will happen. These leaked Bank of America emails were released during the Japanese earthquake/tsunami/nuclear crisis. GREAT FUCKING JOB THERE, CHIEF!!! It shows they're a bunch of amateurs who know nothing about timing so this reaches the broadest audience. Slashdot, reddit, and the rest will get up in arms but the people who need to know, i.e. mom & pop and that mythical linux using grandma, won't have it show up as a blip on their radar because of their reliance upon mainstream media to feed them.
I can't help but wonder who's really behind this leak. It smells a LOT like a false flag operation.
Bank of America has known for months that they're the next major Wikileaks target. Now all of a sudden the material pops up "from Anonymous", in the middle of the Japan earthquake, a HUGE news story - and over the weekend. I tried viewing the site all morning and have been getting 503 errors. If you wanted to bury an inevitable major embarrassment to your company, I think this is how you do it. Wikileaks, for all their faults, would never release this while there were so many other major developing stories.
Your comment about "this period of history" draws attention away from the fact that the U.S. government is EXTREMELY corrupt. Few in government are on the side of the people. Most of the really powerful in the U.S. government are helping the corrupters.
For example, see the Rolling Stone article about Goldman Sachs, The Great American Bubble Machine
The documentary movie Inside Job was nominated for an Oscar. It's an excellent movie about the extreme corruption. NOTHING has been done.
At business school I learned something within the first 20 minutes of finance 101. The most important lesson in the class which was repeated on the final was what is a company's goal?
If you said to make money you are wrong. The goal of a corporation is to raise its stock price, not make money. A third of the course dealt with how to trick investors by creating magical ratios of liquidity (assets that can turn to cash very fast) to make wall street happy and raise the share price. To top it off we studied how going into debt was a great thing as it gave you profit leverage. Holding off paying your suppliers was good too as you can invest the money while you drag your feet.
The rest of the course dealt with a privately held and small companies. Now their goals was to make money as well as have an excellent credit rating and low debt to make sure adequate lines of credit were available in case of an emergency and to plan ahead conservatively without going bankrupt. 2 different worlds.
Private companies are the way to go. They simply make rational decisions and play by the rules. The big boys don't and love risk. If the average CEO job is short you can guarantee yourself you wont be held accountable either for short term gains that cost the company later. WOW
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