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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.'"
I guess this explains why Bank of America's law firm was so willing to buy into HBgary and other's bullshit about being able to take down Anoynymous and Wikileaks.
SJW: Someone who has run out of real oppression, and has to fake it.
.. nothing will happen.
Am I eval()? - http://www.monst3r.com.br
and switching to a more reputable corporate behemoth like... hrmm... like... uhhh... doh!
Having a bookmark to Google does not make you an expert on everything.
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
The governement administration was pretty quick to hand them money to keep going and the oversight seems to be uninterested in putting people in jail.
If you pickpocket a $100 store item expect to go to jail. If you force thousands into bankruptcy and put several nations into financial stress you will have no problem collecting your yearly bonus pay.
It seems to me we need a crack down on white collar crime.
Stop jailing people for grams of pot and start jailing people for ((( some smart saying I can't think of that means investment people who steal money))).
As someone who has worked for a big bank, I can assure you that while there are pockets of AMAZINGLY retarded people that commit blatant fraud, it is mostly just a large group of MOSTLY retarded people committing fraud and not really recognizing that's what they're doing.
I worked hand in hand with the foreclosure group and I think I can summarize what's really been happening:
1) Overwhelming Workload + Incompetent Staff = Mistakes
a) Leads to massive spike in hiring through temporary agencies and the introduction of a much larger group of incompetent people into the process.
2) Convoluted, counterproductive processes + people who can't use excel spreadsheets = Mistakes
a) See 1a
3) Incentive Structure - This one's a bit harder but most banks use production based incentive structures to pay employees beyond their base pay. The more work you do, the more money you make. If it's easier to get rid of a "file" (troubled loan) by tossing it to the foreclosure group and having it roll through that process than it is to help someone save their house, guess what happens. If it takes you an hour to successfully help someone (which it doesn't, it takes days or weeks) or 10 minutes to move their file to foreclosure and therefore out of your stack, and you get paid based on how many files you move out of your stack, guess where all your files go.
4) Banks DONT LIKE TO RESCIND SALES. It costs them money.
To me, this is all SUPER old news. I watched this happen in real time for years and the news was always WAY behind on what was happening and WHY. It's not as simple as "banks are greedy and committing fraud/crime." That's certainly a part of it, but not nearly half of it. Realistically it's "There's too much work to do and the people doing it truly don't understand what they're doing"
It's way easier to recognize what's really happening when you look at how things are done at the bottom. Listening to CEOs and PR reps is a waste of time, they have no idea what's really going on underneath them.
The problems we have always faced are the result of incompetence, period. More to the point the problem is people.
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.
Sorry to reply off-topic, but I want to post this as high up as possible:
http://www.mediafire.com/?9gig97gio0g3b7b
Here is the torrent file. BoA seems to be sockpuppet-rushing TPB to mark the torrents as fake.