Who will be WikiLeaks’ next target?
December 1, 2010 1 Comment
The world is just processing the latest revelations it just brought out to the public, but online whistleblower WikiLeaks has already lined up many more secrets waiting to be revealed. Their next target: US banks.
Banks are expected to be on their guard as WikiLeaks founder Julian Assange told Forbes in an interview that he has documents showing unethical behavior by executives of a major US bank, which he declined to name.
Some analysts believe he may be referring to Bank of America although some are not certain which among the banks he was talking about after he only provided a few hints.
Assange said that the major bank still exists and by ruling out Lehman Brothers, Bear Sterns, and Merill Lynch, that only leaves Goldman Sachs, Bank of America, Citigroup, JP Morgan Chase, Wells Fargo, and Morgan Stanley as likely candidates.
He likened the bank with the corruption scandal involving Enron and its executives which led to the company’s bankruptcy in 2002.
In late 2008, the government allocated $700 billion of public money to bail out some of the major banks and financial institutions through its Troubled Asset and Relief Program (TARP) during the height of the financial crisis. Citigroup and Bank of America were among the biggest beneficiaries of the TARP fund according to the New York Times.
News of the impending revelations by WikiLeaks have sent worry signals particularly to investors of financial stocks after the website rocked governments all over the world and caused diplomatic inconveniences between the US and its key allies earlier this week.