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Old 12-02-2010, 06:41 PM
 
Location: Charlotte, NC (in my mind)
7,946 posts, read 15,046,774 times
Reputation: 4482

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I am VERY worried about this. This would not only seal Charlotte's fate as the next Detroit but it could have a domino effect on the financial system dwarfing the 2008 financial crisis (think Dow below 5000, 20% unemployment). What dirt could Assange have that could end the bank? I can see maybe an embarrassment and the firing of employees, but I don't understand how these leaked documents could cause the entire bank to collapse. I know Wikileaks is the domain of doom and gloomers and those who try to find a conspiracy behind everything, so all the hysteria could end up about nothing, but what if they are right? Should we be in panic mode?

Last edited by bchris02; 12-02-2010 at 06:51 PM..
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Old 12-02-2010, 06:43 PM
 
8,402 posts, read 20,351,212 times
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Quote:
Originally Posted by bchris02 View Post
I am VERY worried about this. This would not only seal Charlotte's fate as the next Detroit but it could have a domino effect on the financial system dwarfing the 2008 financial crisis (think Dow below 5000, 20% unemployment). What dirt could Assange have that could end the bank? I can see maybe an embarrassment and the firing of the employees, but I don't understand how these leaked documents could cause the entire bank to collapse. I know Wikileaks primarily appeals to doom and gloomers and those who try to find a conspiracy behind everything, so all the hysteria could end up about nothing, but what if they are right? Should we be in panic mode?
You're not serious, are you? I hope not.
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Old 12-02-2010, 06:52 PM
 
Location: Greer
1,611 posts, read 2,029,243 times
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Of course it could not end Bank of America. BOA is too big to fail.

Oh, and in all seriousness, Charlotte is a whole lot more than banking. It's not really comparable to Detroit.
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Old 12-02-2010, 06:53 PM
 
Location: Charlotte, NC (in my mind)
7,946 posts, read 15,046,774 times
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Originally Posted by vmaxnc View Post
You're not serious, are you? I hope not.
Assange has said there is a good chance the leaked documents will bring down the bank.
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Old 12-02-2010, 06:55 PM
 
Location: Union County
5,787 posts, read 8,434,459 times
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Panic mode?! lol no Seriously, what would you do anyway? Don't lose sleep over it. The leak would make the RICO charges more interesting if the data they have (supposedly a hard drive from a bank executive) implicates anyone in fraud. It most certainly could send people to jail as RICO is no joke.

Timing is funny as it's one thing to mess with the US government, but mess with a big bank?! Days after he announces his next big leak will be a US bank, he's suddenly wanted for "sex crimes". Supposedly Assange's whereabouts are known in the UK and they're going to grab him on the Interpol warrant. Will he get the megaleak out first, though?
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Old 12-02-2010, 06:59 PM
 
8,402 posts, read 20,351,212 times
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Quote:
Originally Posted by bchris02 View Post
Assange has said there is a good chance the leaked documents will bring down the bank.
Why didn't you say so?? That changes everything. Now it's a perfectly good reason to panic.

I'll get right on it.

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Old 12-02-2010, 07:14 PM
 
Location: Matthews, NC
14,693 posts, read 23,133,576 times
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Quote:
Originally Posted by bchris02 View Post
Assange has said there is a good chance the leaked documents will bring down the bank.
Yes, and he has absolutely no reason to overhype the release of the docs.
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Old 12-02-2010, 07:20 PM
 
3,115 posts, read 6,152,660 times
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Quote:
Originally Posted by bchris02 View Post
Assange has said there is a good chance the leaked documents will bring down the bank.
I'm sure he thought the rest of the crap he "leaked" would bring down the government too, but it just told us all a bunch of things we already knew. I don't think you have anything to be concerned about.
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Old 12-02-2010, 07:20 PM
 
Location: Coastal Georgia
37,122 posts, read 45,641,400 times
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I could not care less. BoA is a terrible bank which does care in the slightest about you, or anyone else who banks there. I hope they crash.
I work for a small boutique bank which is getting millions in deposits from BoA customers who have had it with them.
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Old 12-02-2010, 07:25 PM
 
Location: Charlotte, NC (in my mind)
7,946 posts, read 15,046,774 times
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Quote:
Originally Posted by gentlearts View Post
I could not care less. BoA is a terrible bank which does care in the slightest about you, or anyone else who banks there. I hope they crash.
I work for a small boutique bank which is getting millions in deposits from BoA customers who have had it with them.
The thing is if BofA does fail, it will be the LITTLE GUY who suffers the most, not the ones who deserve it.
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