Comment

Bank of America: Our Execs Do Not Blow

35
(I Stand By What I Said Whatever It Was)12/23/2010 10:00:04 am PST

re: #34 Killgore Trout

You’re making the mistaken assumption that the information is accurate

No, I was only responding to you. The crucial term here is knowledge. You spoke about public knowledge. You can only know something if the information your knowledge is based on is accurate.

And by the way, before any factchecking occurs, assuming the information to be accurate is on par with assuming that it is inaccurate. Both is beyond what the skeptic should concede.

and the person who stole the documents has the public’s interest at heart.

I am not making that assumption. I said that knowledge about bankers’ economic wrongdoing is not the cause of those economic wrongdoings and that those economic wrongdoings would be the cause of economic troubles for the bank. Any run on the bank caused by public knowledge is just another result of those wrongdoings.

Whether the leaker has the public interest at heart is completely irrelevant to the question whether the information he leaks is accurate and whether leaking those information proves to actually be in the public interest.

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.

All of this could be or not. None of it would somehow make any leaked information incorrect, though.