WikiLeaks claims next target is 'big US bank'

Nov 30, 2010
WikiLeaks founder Julian Assange, pictured on November 4, has claimed a fresh "megaleak" will target a major US bank "early next year," according to an interview published Monday.

WikiLeaks founder Julian Assange has claimed a fresh "megaleak" will target a major US bank "early next year," according to an interview published Monday.

Speaking to Forbes magazine, Assange said that he was ready to unleash tens of thousands of documents that could "take down a bank or two."

Comparing the documents to the emails that exposed Enron's dealings amid its collapse, the controversial Australian said an existing "big US bank" was the subject of a pending data dump.

Asked about any future leaks, he said: "Yes. We have one related to a bank coming up, that’s a megaleak. It's not as big a scale as the Iraq material, but it’s either tens or hundreds of thousands of documents depending on how you define it."

The interview was conducted in early November, before Sunday's publication of around a quarter of a million leaked United States embassy cables from that have caused consternation in Washington and capitals around the world.

Assange said the bank leak would "give a true and representative insight into how behave at the executive level in a way that will stimulate investigations and reforms, I presume.

"Usually when you get leaks at this level, it's about one particular case or one particular violation."

Amid the economic crisis a handful of "too big to fail" US banks have come under scrutiny for their dealings, particularly with mortgaged-backed securities that helped fuel the meltdown.

Executives from Goldman Sachs and the now-defunct Lehman Brothers and Bear Stearns have been hauled before Congress to explain their bank's actions.

Assange mentioned Goldman Sachs by name in the interview, but did not confirm the Wall Street giant will be the target of the leak.

Goldman has recently agreed a 550 million dollar settlement with the Securities and Exchange Commission to settle fraud charges.

Facing allegations of defrauding investors, the storied investment bank admitted it had made a "mistake" and given "incomplete" information to clients.

Assange said that "about 50 percent" of the documents that the nonprofit organization holds relate to the corporate world.

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User comments : 5

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ereneon
5 / 5 (4) Nov 30, 2010
Its about time some of the sketchy things going on in our banking system see the light of day!
Simonsez
not rated yet Nov 30, 2010
Then what becomes of the big bailouts? What are the implications on the federal government? I guess we will just have to wait and see.
HaveYouConsidered
5 / 5 (5) Nov 30, 2010
I hope that in the years ahead there might be 1,000 Wikileaks cloned, leaving the corrupt power elite to play a continual game of whack-a-mole, but never silencing this new high-tech transnational form of Free Press Watchdog over gov't and corporate affairs.

Iceland is creating the legal frameworks to protect such organizations, and they are to be applauded for it.

See: http://blogs.forb...secrets/

Take the bastards down, Julian. Watch your back. You are making me seriously consider whether the era of the traditional us-vs.-them polarized thinking and the now obsolete nation-state may be waning and that something better may finally come along.

In Clarke's/Baxter's "The Light of Other Days" it describes a technology that effectively prevents cloaked corruption. Wikileaks is the closest thing yet to achieving that.
ormondotvos
not rated yet Nov 30, 2010
All you computer hotshots out there - contribute server space for Wikileaks clone servers!
Arkaleus
5 / 5 (1) Dec 01, 2010
When future generations look at the end of this era, they will clearly understand the structure of power that attempted to dominate the world by dominating the flow of information.

The old men behind the consolidation didn't understand the Internet or how poor individuals could outperform and overcome all their plans and devices.

They collaborated in secret, but we joined together openly. They hid information, but we replicated and and regenerated everything. They tried to conceal what could not be concealed, and it destroyed them in the end.

I look forward to the new era, where power cannot be kept in secret, and nothing can be concealed from the minds of the people of this world. New forms of government will replace the pyramids of the past and men will finally be free of tyrannies that rely upon ignorance to rule.

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