I know there are a lot of rumors out there in regards to what Wikileaks may have on Bank of America, but is there any possibility BofA goes bankrupt (like Enron) or gets nationalized over of this?
If so, what would happen to BAML? Would they try to spinoff the investment banking division?
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I'd save my breath... probably just a few documents that suggest potentially less-than-perfect deals (thinking of GS's Abacus & Timberwolf). Assange is certainly trying his best to drum up interest, but I'm just not sure the public will care anymore unless it is something ridiculously out of line.
This. The public isn't going to care about this for more than a day or two. The info that Julian has he is trying desperately to parade for attention, but as others mentioned it isn't going to do a whole lot of damage in the long term...
The probability that Wikileaks has any long term effect on BAML is close to nil. It is very unlikely someone within BofA would turn over 5 GB of information to Julian. Not only would it be breaking numerous privacy laws but it would be very easy to figure out who did it. More likely someone in Congress or at the SEC forwarded the documents to Julian when Bank of America turned over documents as a result of Merrill Lynch and Countrywide investigations. If this is the case, then Congress or the SEC already know about the information that Wikileaks may leak. Any information leaked may be news to the general public but not to regulators. In both Merrill Lynch and Countrywide, there are few people left who were responsible for those deals. Thain and Fleming are gone from Merrill Lynch. Mozilo is gone at Countrywide. As a result, it is unlikely to cause any resignations at the top. In addition, it is highly unlikely that anyone would be able to use the information from Wikileaks in court as it would likely be inadmissible evidence.
It was a laptop stolen or found somewhere and it happened to be an execs.
There is literally ZERO chance
I sure as shiii hope not - I'm about to interview with em!
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