Comment

Bank of America: Our Execs Do Not Blow

34
Killgore Trout12/23/2010 9:53:02 am PST

re: #21 000G

The cause for any serious damage to the economy would not be the knowledge about the insolvency becoming public but the economic actions of the bankers leading to what the knowledge is about in the first place.

You’re making the mistaken assumption that the information is accurate and the person who stole the documents has the public’s interest at heart. The most like scenario is that the entity (individual, corporation, hedge fund, or government) who stole the information know how the market is going to react and when. They are going to make a lot of money with this knowledge. Did this come from BoA’s competitors? A hedge fund that wants to manipulate the market? A hostile government who wants to damage the economy? A paulian idiot who wants to destroy the federal reserve with dreams of returning to the gold standard? We don’t know and Assange isn’t going to tell us.