econoTwist's

Wikileaks About to Dump Its 5 Gigabyte Bank File?

In Financial Markets, Health and Environment, Law & Regulations, National Economic Politics, Technology, Views, commentaries and opinions on 10.01.11 at 20:18

Something curious is going on at WikiLeaks. The last release of diplomatic cables from WikiLeaks came out on January 4th. This three-day gap between Wikileaks releases is the longest ever to occur since Wikileaks began releasing the diplomatic cables, senior editor John Carney at CNBC points out.

“I suspect this means something big is about to come out of WikiLeaks.”

John Carney


We still don’t know for sure what bank the documents will allegedly indict. But all indications point to Bank of America. There have also been frenetic activity on the inside of the bank giant lately, with lawyers and spin doctors going through every little piece of stored information that might incriminate Bank of America as an “ecosystem of corruption” or expose the banks fraudulent practice in handling foreclosures. A court ruling on Friday sent ripples through the real estate industry yesterday ruling that banks and lenders must have proper documentation before foreclosing on a home.

Something curious is going on at WikiLeaks.

Or, rather, something is not going on. And that’s curious, according to CNBC senior editor John Carney.

John Carney

“I suspect this means something big is about to come out of WikiLeaks. Something they are taking their time to put together. And that is likely to be the much talked about release of the tens of thousands of documents WikiLeaks founder Julian Assange shows a culture of corruption inside an US bank,” he writes in a new blog post.

“I do not think its a stretch to expect something big to follow Wikileaks’ silence. They published new documents when Assange was arrested. There was a release on Christmas eve and Christmas day. They didn’t rest on New Year‘s eve or New Year’s day.”

And now we’ve had three days of silence.

“Something is coming,” Carney concludes.

Read also:

* Wiki-Founder Compare Upcoming Bank Leak To Enron

* WikiLeaks With 5GB File On Bank of America

Well, to me it seems like the snowball started to roll last Friday after the ruling in the Supreme Court of Massachusetts, stating that banks and lenders must have proper documentation before foreclosing on a home.

Bank of America have been at the center of the foreclosure scandal, together with Wells Fargo. JP Morgan Chase and US Bankcorp.

In second half of 2010 it became clear that the banks had automated the foreclosure process, leaving homeowners no or little possibility to negotiate new terms for their mortgage payments.

As a result thousands have wrongfully been forced out of their homes.

(Read more at; loanworkout.org)

This is just getting better by the minute….

Stay tuned!

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