WHISTLEBLOWN TO EXPOSE BANK OF AMERICA

    By Oxy Mora on Wed, 12/22/2010 - 9:42am |

    In what is possibly a hoax, HuffPost, a sensationalist internet based rag sheet is reporting that WhistleBlownData intends to expose executives at the Bank of America early next year.  WhistleBlown has a cache of secret documents which will most likely reveal embarrassing comments and/or quasi-illegal actions on the part of executives--the name of CEO Ken Lewis comes to mind, although he has not been accused of anything seedy at the moment.

    The drip, drip, drip, of secret military, diplomatic and bank information emanating from WhistleBlown has threatened to destabilize American society, a delicately interwoven system of Government cum Defense cum Financial Monopolies. The escapant information even shows how the U.S. State Department intervened to prevent a New Zealand cabinet officer from hosting a private showing of Michael Moore's film Fahrenheit 9/11. The ripple-effect of such an outing would have been incalculable.  

    According to the HuffPost rag , an individual from WhistleBlown will appear in a "live interview" today on the Dylan Ratigan Show. The individual himself has a somewhat unstable background and it is not known precisely what he will expose today, if anything. 

    Progressives are titillated at the prospects of Bof A being taken apart, the individual components which were forged together under suspicious circumstances separated into stand alone competitive companies. Obama and Geithner are said to be developing a strategy to prevent the  break up of a mega bank like BofA from escalating into a general reformation of the financial industry and the subsequent systemic risk contained therein.

    Comments

    Internet Attention-deficit Disorder Fever, a malady contagious enough to spread halfway around the world before Mr. Accuracy can get his boots on.  Special irony of note: due perhaps to the newspaper’s paywall preventing other reporters from reading the full story, the news was quickly reinvented.

    Guess investors don't rely on Huffpo et. al. for their news: BOA up 13 pts. 11:02am EST.

     


    by artappraiser on Wed, 12/22/2010 - 11:05am

    Hah! The reason BofA's stock price is up is the prospect of the bank being broken apart, the individual pieces being worth more than this one hapless monolith.


    by Oxy Mora on Wed, 12/22/2010 - 11:15am

    Well, it appears that some can also theorize that  rumors of attack by WhistleBlownData is pure gold. It's all juju. Laughing


    by artappraiser on Wed, 12/22/2010 - 11:22am

    Right. juju. Most likely some hedge fund has amassed put options betting on the the opposite direction.

    Or it might be the fix is in, no trouble from Obama and Geithner. In fact Obama is counting on the banks to open up the emerging markets so that the new era of low wage manufacturing export jobs in America can begin.


    by Oxy Mora on Wed, 12/22/2010 - 11:40am

    I just did BOA search for google news/business and there's definitely juju being passed around that the wikileaks threat is all sound and no fury. Like this for one example, citing Dick Bove

    http://www.cnbc.com/id/40781392


    by artappraiser on Wed, 12/22/2010 - 12:33pm

    Bove is one of those analysts who can really move a stock. I translate, "there could be some legal problems but they'll pay the fines and move on", the disclaimers in the prospecti having served their purpose.

    Does this climate now sound exactly like the Bush years?


    by Oxy Mora on Wed, 12/22/2010 - 1:21pm

    You are correct about Huffpo of course.

    I think it was a couple months ago when we were pelted with 'brand new evidence' that george w and cheney did not really invade Iraq because of WMD's and that the entire plan was reached well before 9/11/01!! I thought: Will wonders never cease!

    BOA and the other bastard monster banks or investment institutions or whatever took money from the government and turned around and handed out bonuses in the hundreds of billions of dollars.

    We know that some of these institutions posted losses that matched the amount of monies that were paid to management for the fiscal years relevant.

    Oh I am sure we will all  be sooooooooooo very surprised by all of these NEW disclosures.

    Yeah, sure!


    by Richard Day on Wed, 12/22/2010 - 11:47am

    Richard, this really does sound like a hoax, but I checked out Artsy's reference above, and believe it or not names of executives at the bank have been registered suffixed by the word "sucks" or possibly even "blows".

    Now for all those asshats and international elites like David Seaton who think WhistleBlown is seditious, check this out. One of the executives, as in www.CharlesRosettisucks.com is also a Senior Advisor to--get this--the Carlyle Group.

    AhahaAhaAha. The sucking interlocking directorates are about to be exposed.


    by Oxy Mora on Wed, 12/22/2010 - 12:04pm

    That's probably related to this:

    Bank of America Prepares to Get WikiLeaked by Buying Up Negative Domain Names
    12/22/10
    http://nymag.com/daily/intel/2010/12/wikileaks_newest_ally_gorbache.html

     


    by artappraiser on Wed, 12/22/2010 - 12:27pm

    Thanks. We could let our imaginations run wild on the possibilities.


    by Oxy Mora on Wed, 12/22/2010 - 12:31pm

    Artsy, didn't mean to say that your reference was a hoax.


    by Oxy Mora on Wed, 12/22/2010 - 12:28pm

    didn't take it that way  Smile


    by artappraiser on Wed, 12/22/2010 - 12:34pm

    "sucks" or possibly even "blows".  ?? They cannot have it both ways. I vacuum sucks and a bag of hot air blows and you cannot have a bag of hot air in a vacuum.


    by cmaukonen on Wed, 12/22/2010 - 2:23pm

    All these guys ready to sell short now. geeeeeeeeeeeeeeeeeeeeez

    No I get your point, for sure. But Seaton agreed that corporate whistleblowing trumps military whistleblowing every fricking time.

    Oh I wish to see these new leaks that were supposed to come yesterday.

    I want these peeps in prison.

    Not very Christian of me, but i would like to see the principals in prison.


    by Richard Day on Wed, 12/22/2010 - 6:12pm

    I don't get it.  You have a huffpo link?  Is it an April Fools thing?


    by we are stardust on Wed, 12/22/2010 - 12:47pm

    I don't know about you, I hit reply and got misdirected. Are you doing funny things to my computer again?  As for HP, even Fineman is going down hill. He passed off the word "Obamacare" in one of his posts as if it were non-perjorative. Damned journalists.


    by Oxy Mora on Wed, 12/22/2010 - 1:28pm

    Bank of America settles loan dispute with Fannie Mae, Freddie Mac

    By David S. Hilzenrath
    Washington Post Staff Writer
    Monday, January 3, 2011; 7:13 PM

    Fannie Mae and Freddie Mac, the financial giants whose failed mortgage investments made them wards of the government, have accepted $2.8 billion from Bank of America to largely put to rest claims that the bank sold them faulty loans.

    The cost to Bank of America was less than the potential blow some investors had expected, and the bank's stock rose 6.4 percent on the news Monday.

    For Bank of America, the settlements eliminate "a doomsday scenario," said analyst Paul Miller of FBR Capital Markets.

    "This is a gift" from the government to the bank, said Christopher Whalen of Institutional Risk Analytics. "We're all paying for this because it will show up in the losses from Fannie and Freddie," he said.

    The deal with Fannie Mae is not airtight; it leaves open the possibility that Fannie could pursue additional claims against Bank of America. In contrast, the settlement with Freddie Mac essentially closes the book on pending and potential claims....

    Facing WikiLeaks Threat, Bank of America Plays Defense
    By NELSON D. SCHWARTZ,
    New York Times
    January 2, 2011

    Since WikiLeaks threatened to “take down” a major American bank, Bank of America has been hunting for signs that its systems have been compromised.


    by artappraiser on Mon, 01/03/2011 - 10:55pm

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