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Chalanachithram.com DB » TF Industry related » Archive through December 01, 2010 » Wikileak's next target - A big US bank « Previous Next »

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Ashton
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Username: Ashton

Post Number: 9498
Registered: 05-2008
Posted From: 66.90.104.94

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Posted on Tuesday, November 30, 2010 - 07:43 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Network76:

I'm guessing it to be BOFA..


Possible!
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Network76
Junior Artist
Username: Network76

Post Number: 74
Registered: 11-2010
Posted From: 24.126.174.103

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Posted on Tuesday, November 30, 2010 - 12:24 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Ashton:

JPM or BOFA or AIG anukuntunna.... JPM expect chestunna...because they manipulated the stock market by increasing the silver futures..




Yeah.. mostly JPM or BOFA... I'm guessing it to be BOFA...
"You know how to whistle, don't you, Steve? You just put your lips together and blow."
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Ashton
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Username: Ashton

Post Number: 9493
Registered: 05-2008
Posted From: 66.90.104.94

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Posted on Monday, November 29, 2010 - 09:12 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

How many dollars were at stake in this?

We’re still investigating. All I can say is it’s clear there were unethical practices, but it’s too early to suggest there’s criminality. We have to be careful about applying criminal labels to people until we’re very sure.

Can you tell me anything about what kind of unethical behavior we’re talking about?

No.


You once said to one of my colleagues that WikiLeaks has material on BP. What have you got?

We’ve got lots now, but we haven’t determined how much is original. There’s been a lot of press on the BP issue, and lawyers, and people are pulling out a lot of stuff. So I suspect the material we have on BP may not be that original. We’ll have to see whether our stuff is especially unique.

The Russian press has reported that you plan to target Russian companies and politicians. I’ve heard from other WikiLeaks sources that this was blown out of proportion.

It was blown out of proportion when the FSB reportedly said not to worry, that they could take us down. But yes, we have material on many business and governments, including in Russia. It’s not right to say there’s going to be a particular focus on Russia.

Let’s just walk through other industries. What about pharmaceutical companies?

Yes. To be clear, we have so much unprocessed stuff, I’m not even sure about all of it. These are just things I’ve briefly looked at or that one of our people have told me about.

How much stuff do you have? How many gigs or terabytes?

I’m not sure. I haven’t had time to calculate.

Continuing then: The tech industry?

We have some material on spying by a major government on the tech industry. Industrial espionage.

U.S.? China?

The U.S. is one of the victims.

What about the energy industry?

Yes.

Aside from BP?

Yes.

On environmental issues?


A whole range of issues.


Can you give me some examples?


One example: It began with something we released last year, quite an interesting case that wasn’t really picked up by anyone. There’s a Texas Canadian oil company whose name escapes me. And they had these wells in Albania that had been blowing. Quite serious. We got this report from a consultant engineer into what was happening, saying vans were turning up in the middle of the night doing something to them. They were being sabotaged. The Albanian government was involved with another company; There were two rival producers and one was government-owned and the other was privately owned.

So when we got this report; It didn’t have a header. It didn’t say the name of the firm, or even who the wells belonged to.

So it wasn’t picked up because it was missing key data.

At the time, yeah. So I said, what the hell do we do with this thing? It’s impossible to verify if we don’t even know who it came from. It could have been one company trying to frame the other one. So we did something very unusual, and published it and said “We’ve got this thing, looks like it could have been written by a rival company aiming to defame the other, but we can’t verify it. We want more information.” Whether it’s a fake document or real one, something was going on. Either one company is trying to frame the other, which is interesting, or it’s true, which is also very interesting.

That’s where the matter sat until we got a letter of inquiry from an engineering consulting company asking how to get rid of it. We demanded that they first prove that they were the owner.
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Ashton
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Username: Ashton

Post Number: 9488
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Posted on Monday, November 29, 2010 - 08:22 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Emc2:


JPM or BOFA or AIG anukuntunna.... JPM expect chestunna...because they manipulated the stock market by increasing the silver futures..



Next Wikileaks Target: Major US Banks (XLF, AIG, C, BAC, JPM, GS)

http://www.themarketfinancial.com/next-wikileaks-target-majo r-us-banks-xlf-aig-c-bac-jpm-gs/107948

Equities involved: Financial Select Sector’s (NYSE:XLF), Citigroup (NYSE:C), Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM), American International (NYSE:AIG), Wells Fargo (NYSE:WFC), Morgan Stanley (NYSE:MS), iShares Silver (NYSE:SLV) may all be involved, as well as, (OTC:FMCC) and Federal National Mortgage (OTC:FNMM)

The S&P 500 has become a warzone, having the feeling of a dangerous time indeed for retail investors, mutual funds and hedge funds as the Korea war heats up, EU sovereign debt concerns mount, and currency manipulation and instability reach unprecedented unsustainable levels.

As if the recent announcement by the SEC to disclose information on the world’s largest ever insider trading ponzi, including Goldman Sachs (NYSE:GS), and mutual funds / hedge funds, wasn’t enough to start up a dinner conversation. According to Courtney Comstock, of BI (Business Insider), banks are about to get a real scare in the next couple of weeks, and it’s about goddamned time!
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Emc2
Comedian
Username: Emc2

Post Number: 1213
Registered: 03-2008
Posted From: 70.174.180.39

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Posted on Monday, November 29, 2010 - 08:18 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

so far they released US govt info,this time private sector scandals.
lets see how it is going effect that bank shares..
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Ashton
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Username: Ashton

Post Number: 9486
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Posted on Monday, November 29, 2010 - 08:02 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

more info here:

http://blogs.forbes.com/andygreenberg/2010/11/29/an-intervie w-with-wikileaks-julian-assange/
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Ashton
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Username: Ashton

Post Number: 9485
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Posted on Monday, November 29, 2010 - 08:01 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Honest distributor of leaked data or a clever PsyOps front, one can not deny that whatever it is, Wikileaks does share some unique information with the world (as to how it is interpreted is a different story). Yet for the most part, the bulk of the organization's recent exposures have focused on the US military and away from the private sector, and thus away from that which is really important in today's world: money (of a paper representation thereof). Which is we read with interest in the latest Julian Assange interview with Forbes' Andy Greenberg that next on the docket of Wikileaks disclosure is not some facebooky look into the gossip world of international espionage or the foreign service, but something far more tangible and relevant: "A Big US Bank."

From the interview:

These megaleaks, as you call them that, we haven’t seen any of those from the private sector.

No, not at the same scale for the military.

Will we?

Yes. We have one related to a bank coming up, that’s a megaleak. It’s not as big a scale as the Iraq material, but it’s either tens or hundreds of thousands of documents depending on how you define it.

Is it a U.S. bank?

Yes, it’s a U.S. bank.

One that still exists?
Yes, a big U.S. bank.

The biggest U.S. bank?

No comment.

When will it happen?

Early next year. I won’t say more.
One needs to ask whether this is what we need: after all the US public already has enough public data to convict the executives of all the banks for numerous consecutive life sentences as is. It almost seems that nothing short of photographic evidence of some very (in)famous bank CEOs have underage sex while filming snuff movies, dressed in drag, killing puppies and recording their market manipulation conversations with Brian Sack will even rattle the Rip van Winkle formerly known as Eric Holder. But then again, we can hope...

As for Assange's reason for coming to public with the bank exposition:

What do you want to be the result of this release?

[Pauses] I’m not sure.

It will give a true and representative insight into how banks behave at the executive level in a way that will stimulate investigations and reforms, I presume. Usually when you get leaks at this level, it’s about one particular case or one particular violation.

For this, there’s only one similar example. It’s like the Enron emails. Why were these so valuable? When Enron collapsed, through court processes, thousands and thousands of emails came out that were internal, and it provided a window into how the whole company was managed. It was all the little decisions that supported the flagrant violations.

This will be like that. Yes, there will be some flagrant violations, unethical practices that will be revealed, but it will also be all the supporting decision-making structures and the internal executive ethos that cames out, and that’s tremendously valuable. Like the Iraq War Logs, yes there were mass casualty incidents that were very newsworthy, but the great value is seeing the full spectrum of the war.

You could call it the ecosystem of corruption. But it’s also all the regular decision making that turns a blind eye to and supports unethical practices: the oversight that’s not done, the priorities of executives, how they think they’re fulfilling their own self-interest. But it’s also all the regular decision making that turns a blind eye to and supports unethical practices: the oversight that’s not done, the priorities of executives, how they think they’re fulfilling their own self-interest. The way they talk about it.
While we refuse to pass judgment on Assange's character, and his motivations, it appears that he may have finally figured out that to enact change in a country, you have to go not after the politicians or even the military industrial complex. After all both of those are puppets for the moneyed interests. One has to go after the very heart of the financial oligarchy. Money always has made the world go round, never more so than in the US currently. Perhaps Assange can redeem himself of all attacks on his persona if he does succeed in disclosing something that is beyond mere watercooler talk and actually leads to at least one major prosecution. After all, the US' own regulatory and enforcement mechanisms are corrupt beyond repair, and completely unable to do so on their own...

(and yes, we certainly hope it is not Lehman Brothers, although the bank in question is most certainly going to get the Lehman treatment. The question is who will benefit from this disclosure, and now that Goldman's FICC desk is no longer the gold mine it used to be, there are some suggestions)

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