In an interview at Forbes Julian Assange, the force behind Wikileaks, the web site that released a quarter million U. S. diplomatic communications including some classified as secret or “secret noforn” gives tantalizing hints of a leak of private sector communications to be released some time around the first of the year:
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.
I would hope that it’s Goldman Sachs but I suspect that it’s Bank of America.
Considering the shaky state of the U. S. (and world) banking system, depending on the content of the leak it could bring the whole shebang down like a house of cards. Have a happy new year!
Things it may need to come down. If its rotten to the core, then rebuilding from the ground up should be considered. Problem is that there are so many vested interests in this that doing so without a leak is likely impossible. Instead billions, hundreds of billions, would be used to prop up a decaying structure.
When will it happen?
Early next year. I won’t say more.
No one should be entitled to keep secrets except for Julian Assange, that is.
Gotta get those market orders set up in just the right way so that claims of insider trading are hard to prove.
Verdon:
I’ll place them for you. No one who’d seen my past investment history would accuse me of insider knowledge. Or knowledge.
http://en.wikipedia.org/wiki/Insider_trading#Arguments_for_legalizing_insider_trading