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Old 12-06-2010, 05:36 PM
 
Location: Wherever women are
19,012 posts, read 29,731,337 times
Reputation: 11309

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News is hot about bringing a bank down. The speculation is on BAC already. I don't really bother about what the information is about, but what it can wreak on the DOW or other indices is what I am wondering about.

What is everyone's take on this?

Can it send the markets into a firestorm? What is everyone's strategy around this? Any sector which lies shielded from this stuff? Gold, yeah, but.....

Looking forward to your thoughts.
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Old 12-06-2010, 05:53 PM
 
Location: Lincoln County Road or Armageddon
5,029 posts, read 7,232,184 times
Reputation: 7314
Pretty weak economic system if exposing corruption causes it to collapse.
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Old 12-06-2010, 06:16 PM
 
Location: Warwick, RI
5,481 posts, read 6,312,397 times
Reputation: 9549
I don't think the Wikileaks site, or it's founder, is going to be around much longer. The site is running out of places that will host it and it's founder is likely going to jail somewhere.
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Old 12-06-2010, 06:29 PM
 
Location: Great State of Texas
86,052 posts, read 84,519,997 times
Reputation: 27720
The big banks will not allow Assange to air their dirty laundry.
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Old 12-08-2010, 10:53 PM
 
109 posts, read 207,882 times
Reputation: 179
Well, if the leaks DO cause a significant market downturn, guess what you should be doing
.
.
.
(buying)
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Old 12-10-2010, 09:09 PM
 
6,046 posts, read 5,960,951 times
Reputation: 3606
Quote:
Originally Posted by treasurekidd View Post
I don't think the Wikileaks site, or it's founder, is going to be around much longer. The site is running out of places that will host it and it's founder is likely going to jail somewhere.
Unlikely to be stopped even with Us government intervention/interferrence in the workings of private companies.

Founder has not be found guilty of commiting any crimes and has a lot of support around the world. Any move to get him to the US would be met with a lot of anger.
Also making this fellow into a martyr. Actually he is in jail in London on what looks to be very dubious sex related charges.
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Old 12-10-2010, 09:17 PM
 
6,046 posts, read 5,960,951 times
Reputation: 3606
Quote:
Originally Posted by HappyTexan View Post
The big banks will not allow Assange to air their dirty laundry.
It has passed Assange by now as he is in a secure protection unit of a London jail. Pretty hard to get to one expects.
Close to impossible to shut down the release of information. Americans should be looking into their own security lapses instead of blaming the messager.
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