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Posted at 10:30 AM ET, 01/ 3/2011

Bank of America braces for WikiLeaks

By Sarah Halzack

Bank of America does not know for sure that it will be the target of the next data dump from Internet provocateur WikiLeaks. But, in the wake of the site's recent release of State Department cables that embarrassed a number of political leaders, the bank is launching a damage control effort just in case.

The New York Times reported Monday that Bank of America is attempting not only to figure out what information Wikileaks may have about the firm, but also to assess possible consequences of a leak and how to minimize them.

"A team of 15 to 20 top Bank of America officials, led by the chief risk officer, Bruce R. Thompson, has been overseeing a broad internal investigation -- scouring thousands of documents in the event that they become public, reviewing every case where a computer has gone missing and hunting for any sign that its systems might have been compromised."

The nation's largest bank has also sought legal advice from prominent law firms and has employed consulting firm Booz Allen Hamilton to help administer the review.

Why is Bank of America playing defense already for something that may not even happen? Most likely the bank is heeding a few clues that suggest it might be next on WikiLeaks founder Julian Assange's list.

In October 2009, Assange told Computer World: "At the moment, for example, we are sitting on 5GB from Bank of America, one of the executive's hard drives," he said. "Now how do we present that? It's a difficult problem."

Last month, Assange told a reporter with CNBC that his group was planning a leak about banks sometime soon. A few days later, in an interview with The Times of London, the Wikileaks director said he "had enough material to make the bosses of a major bank resign." He did not specify what bank he was referring to in either of the recent interviews, or say what type of information was involved.

By Sarah Halzack  | January 3, 2011; 10:30 AM ET
Categories:  Corporations  
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Next: Economic agenda: Wednesday, Jan. 5, 2011

Comments

I don't care which major bank it is. I want to see corruption/collusion in the finance industry rooted out and the heads of such schemes fall. If the leaks are worth their salt, they'll take a few bought-and-paid-for congresspeople with them.

Posted by: Anonymous | January 3, 2011 11:32 AM | Report abuse

If you have been a BofA customer and see the number of accounting errors on your monthly statement you know why BofA is sweating bullets about a Wikileaks disclosure. Besides the typical dark side of banking this company must be a mess internally. I hope Wikileaks takes BofA to the ground in a scorched earth policy. Obama and Democrats should have insisted on this bank being broken up in exchange for bailout money. It's way too big and even the people running BofA can't do it properly. Go Wikileaks go!

Posted by: Desertdiva1 | January 3, 2011 11:37 AM | Report abuse

Can't wait :)

Posted by: Anonymous | January 3, 2011 11:48 AM | Report abuse

I expect someone will have a major accident before long. And Wiki will just fade away into the grave with him....lol

Posted by: Anonymous | January 3, 2011 12:05 PM | Report abuse

Remember that BofA bought Countrywide, the largest predatory lender and (based on Sunday's article) one of the main driving forces behind the establishment of MERS, the arguably illegal and fraudulent bank-owned mortgage recording system. There is probably a treasure trove of interesting information about Countrywide's shenanigans.

BofA is also being sued all over the place for their own shenanigans, such as foreclosure fraud and fraudulent avoidance of mortgage recording fees.

Posted by: StanKlein | January 3, 2011 12:09 PM | Report abuse

will this have anything to do with silver prices?

Posted by: Anonymous | January 3, 2011 12:16 PM | Report abuse

It is a shame; because, in reality, the government does not need Julian Assante's disclosures in order to deal with the corruption of BoFA and other banks like it. Congress and the President are well aware of the banking, mortgage and securities fraud that the banks have committed. One has no other choice than to conclude that both Congress and the Executive branch are in bed with the banks. But, I guess it is our fault, because "We the People" elected these Congressman by popular vote. So, we are getting the results of our stupid votes!

Posted by: awesomelm | January 3, 2011 12:39 PM | Report abuse

It's ironic that all of the news articles today on this subject state something like, "BofA prepares for Wikileaks attack". Wikileaks didn't "do" anything. BofA did. Wikileaks is providing the historical record of events that have already occurred. They are not "doing" anything "to" BofA.

Posted by: eric70 | January 3, 2011 1:03 PM | Report abuse

How much of a hero will that dick-head be when he post your name, address, and social security number?

Posted by: fun120989 | January 3, 2011 1:06 PM | Report abuse

BofA is about to pay dearly for its corner-cutting, risk-ignoring, cheapskate, anti-consumer philosophy.

Maybe if they had made sufficient investments in computer+network security (like most of their competitors) this would not have happened.

BofA is about to reap what it has sown for many years and the consumer will certainly benefit from this greedy, lazy behemoth's demise.

Posted by: jsmith021961 | January 3, 2011 1:36 PM | Report abuse

Gotta love how the truth scares some people--makes me smile every time I hear about a WikiLeaks document dump.

Posted by: Anonymous | January 3, 2011 1:37 PM | Report abuse

one of the comment indicates that our government or elected officials are in bed with banking industry or big corp. Here is Recardo Answer: "You don't say"

Posted by: Anonymous | January 3, 2011 1:41 PM | Report abuse

BofA is very worried about what might come out. Well, BofA is the best judge of what that could be, so their worry is indicative of the magnitude of what is about to be revealed.

Posted by: lowercaselarry | January 3, 2011 1:51 PM | Report abuse

test

Posted by: Anonymous | January 3, 2011 1:54 PM | Report abuse

I hope BOA crash and burns. These guys have been giving me such a hassle to get home loan modification done. I have been trying to get mod done since May of 2009 and they keep up coming ways to not help me. I am tired and frustrated and the sad thing is that there are millions out there just like me. Can't wait Wikileaks!

Posted by: Anonymous | January 3, 2011 1:56 PM | Report abuse

It is a shame; because, in reality, the government does not need Julian Assante's disclosures in order to deal with the corruption of BoFA and other banks like it. Congress and the President are well aware of the banking, mortgage and securities fraud that the banks have committed. One has no other choice than to conclude that both Congress and the Executive branch are in bed with the banks. But, I guess it is our fault, because "We the People" elected these Congressman by popular vote. So, we are getting the results of our stupid votes!

Posted by: awesomelm | January 3, 2011 2:00 PM | Report abuse

The couple in Hartford facing foreclosure despite making all their payments is the kind of story BoA keeps generating. Wikileaks is probably just more of what we already know about their thuggish, yet incompetent conduct.

Posted by: Anonymous | January 3, 2011 2:06 PM | Report abuse

As an indentured BofA customer, loan-payer, who is tired of the kowtowing to the Big Financial Bailout recipients, and their unhidden contempt for the public at their -teller windows, -officer desks, -phone tree carousels and mortgage default shennanigans, I say Fire, When ready Mr. Assange!

Maybe, just maybe, there is enough dirt on BofA to get the Financials' Congressional Lackeys and Stooges to do something for the consumer and the general public...

Posted by: Anonymous | January 3, 2011 2:20 PM | Report abuse

Go get'em, Julian!
We are WAITING...

Posted by: Anonymous | January 3, 2011 2:40 PM | Report abuse

Let's hope that the bank dies for ever finally and that we get some of these right wing corporate traitors put in prison or executed for their crimes against us once the evidence hits the network.

Anyone who has money with Bank of America should get their stuff out NOW.

Also Anonymous has a little surprise in store for the cirminal enterprise once the documents are released.

Posted by: DamOTclese | January 3, 2011 3:01 PM | Report abuse

If anyone wants to join the aftermath project, email me or get on irc.anonops.ru for information.

And no, it's not another idiot LOIC DDoS bout of stupidity.

Posted by: DamOTclese | January 3, 2011 3:09 PM | Report abuse

How about they just release a one page email from the CEO that reads "To all employees: steal from the poor! BWAHAHA! Also, casual Friday has been moved to Thursday since Janet is having her bunion surgery that day. Thank you."

Posted by: ozpunk | January 3, 2011 3:25 PM | Report abuse

I told BOA that they would get a huge payback for screwing people like they screwed me! GO WIKILEAKS!!!

Posted by: recycledb4 | January 3, 2011 3:27 PM | Report abuse

I told BOA that they would get a huge payback for screwing people like they screwed me! GO WIKILEAKS!!!

Posted by: recycledb4 | January 3, 2011 3:28 PM | Report abuse

I told BOA that they would get a huge payback for screwing people like they screwed me! GO WIKILEAKS!!!

Posted by: recycledb4 | January 3, 2011 3:32 PM | Report abuse

I expect someone will have a major accident before long. And Wiki will just fade away into the grave with him....lol

---

Oh, I see, BoA, etal, is stronger than the noncorrupt, nonp**** factions of the American and other law enforcement.

And Jesus is a rightwing wishgranting American fairy.

lol.

Maybe, instead, YOU'RE the next target...

Not really in the loop, are ya?

Why, who could tell, you here, with your knee jerk death threats and 1960s vernacular that never was...

ROTFLMAO.

No wonder you have such faith in fairymen.

Who else will save you?

Posted by: Anonymous | January 3, 2011 3:37 PM | Report abuse

Obama is the first and most corrupt non-American to become the president of USA. Such foreign bugs can be removed from the system applying Julian's powerful antibiotic : Wikileaks. Hillary Clinton is leaking her age-old gasses making all the heads of states wandering skunks.

Posted by: Anonymous | January 3, 2011 3:48 PM | Report abuse

You know, that Republican who threw out the red herring about Obama, another he-man s******D republican ko0k fart in the name of Karl Rove and 'weakening your enemy for your future legislative gain' (I love when that R&D mooreons decide they are warriors)wasn't lying -- he is a hypocrite, but he is not lying.

Hm. I wonder how the American people and the genuine press can use that info against the corrupt in both parties to their advantage...

Posted by: Anonymous | January 3, 2011 3:53 PM | Report abuse

Obama is the first and most corrupt non-American to become the president of USA. Such foreign bugs can be removed from the system applying Julian's powerful antibiotic : Wikileaks. Hillary Clinton is leaking her age-old gasses making all the heads of states wandering skunks.

Posted by: Anonymous | January 3, 2011 4:18 PM | Report abuse

Should be fun, fun, fun!

Thank you, Mr. Assange! And keep up the good work!

Posted by: Anonymous | January 3, 2011 4:53 PM | Report abuse

Bank of America, the State Department or the people of this country have nothing to fear from WikiLeaks. Bank of America is a good steward of the United States of America. They took on the toxic waste debt of Country-Wide for this country. Therefore, they must help to remain in business without slander.

For the CEO and employees of Bank of America, the people are with you. Also, the people of North Carolina who way of life was challenged by Country-Wide. The survive of Bank of America is the drive motor thorough this economic holocaust which started in the year 2000. We are on 10 year datum points to ensure this banking debacle never happens again. Bank of America, Well Fargo, Wachovia and CitiBank are the two tandems with a partnership in the Bank of England which will be the foundry of the New Generation Globalized Economy (NGGE). Together, Bank of America will survive Country-Wide, also, the American Workforce stands with Bank of America. Thorough Business Intelligence (BI), another banking debacle will never happen under the watchful eye of the American Workforce. Antonio Ivan Easterling sends his respects.

Posted by: Anonymous | January 3, 2011 5:00 PM | Report abuse

BofA needs to be split into FIFTY baby BofA - one for each state. Those in small states can die quietly. Do the same with Chase bank as well.

Then move on to American Airlines, Delta, etc. Big business is bad for America. They use their power to corrupt our government. They don't care about people. Split in to fifty pieces, and you will see honesty in their services, less headache for tax payers, and reduced or no support for corrupt congressmen and senators.

Posted by: Dave27 | January 3, 2011 5:47 PM | Report abuse

The truth will come out. Remember that our goverment has allowed BoA and all the other BIG corporations to get away with what they are doing. We need more people like Juillian Assange to stand up. He is a very brave man. And I say its about time.

Posted by: Anonymous | January 3, 2011 6:03 PM | Report abuse

These B of A guys are sweating bullets, knowing Julian has the goods on them. Wonder if all those new T bagger congressmen who are hiring lobbyists for their staffs are going follow up on their investigative promises, or are have they already been bought off?


Tyrod for President!

Posted by: 21stCenturyCaveman | January 3, 2011 9:34 PM | Report abuse


What is the best way to shop for a mortgage refinance? It is a good idea to contact at least three to five lenders for input on mortgage programs and rates. Also search online for "123 Mortgage Refinance" they found me 3.32% refinance rate really fast.

Posted by: Anonymous | January 4, 2011 2:41 AM | Report abuse

122

Posted by: Anonymous | January 4, 2011 4:06 PM | Report abuse

I have a $3,500.00 monthly mortgage with BOA. I have tried for the last 7 months to get a modification with the help of a neighborhood organization; all I've got is a run around. I now have decided to get a law firm which costing me $2,500.00. For the past 3 months I am still getting phone calls from the BOA harassing me for mortgage money. Still nothing on the modification. "Wikileakes, You are God send! I cannot wait to see what have you got for BOA.

Posted by: Anonymous | January 4, 2011 7:41 PM | Report abuse

I want the bank to pay. They shouldn't have given me that credit card and mortgage and actually expected me to pay it back on time. It's not the American way

Posted by: Anonymous | January 5, 2011 8:20 AM | Report abuse

This is really good. I wish Ken Lewis (former ceo of boa) was around to be part of the fall, or maybe he will. Their arrogance and pompous attitudes will now catch up with them. They think they are untouchable. I worked for this company and they are corrupt! Most of the people who got to keep their jobs are the biggest brown nosers you have never done anything for the company, they just knew the right people. I hope they loose their jobs and find out how hard it is to get a new one, when they can't pay their bills. I would love to see it happen. This is just simple for the American People. TAKE YOUR MONEY OUT OF BOA AND USE A LOCAL BANK WHO IS NOT CORRUPT!!!!! This can and will shut them down...Maybe i will go on a crusade to start getting people to support their local bank who did not take TARP money and pay their executives millions of dollars. WTF Ken Lewis made over 140 million dollars for the 5 yrs before he left the company. What did he do? Did he cure cancer, NO did he cure world hunger, NO did he try to help people out, NO. Than why pay this man anything. He drove the company into the ground and lied and it caught up to him. We do have a say in this, simply take your money out and they will be gone, plain and simple. The only reason they paid the TARP money back is because the Government were telling them that they can't still make millions of dollars because you borrowed 45 BILLION. HHMMM, they pay it back so they can pay their TOP WORTHLESS executives millions to stay. Great keep paying these people all this money who can't run a business. Smart move BOA. Hope you fall hard and fast!!!!!!

Posted by: bankbreaker | January 5, 2011 9:13 AM | Report abuse

Julian Assange = Batman.

Posted by: Anonymous | January 8, 2011 10:48 AM | Report abuse

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