Serious Money: Does BAC Have Anything to Fear from Wikileaks?

Forgive me if I stray slightly, but I could not help thinking about how ironic it would be if someone leaked information as to the whereabouts of Wikileaks founder and "fearless leader" Julian Assange -- who is in hiding! It would be even more ironic if a CIA operative who had his cover blown by Wikileaks decides what goes around comes around. Let's face it, in its own way Wikileaks has become a rogue nation, so why wouldn't the CIA get involved? In the mean time, this has probably helped world markets as it has overtaken everything else as the big story of the past 48 hours. In a bizarre way, Assange may have achieved one of his goals by bringing the world closer together, sort of. Wikileaks has made it known it intends to release damaging (perhaps just inflammatory) information about a major American bank. Pundits have speculated that the bank in question is Bank of America BAC. So what if they have the goods on BAC? The public already is so cynical about the banks I highly doubt anything would shock us. Besides, it could just as easily be Goldman Sachs GS or JPMorgan Chase JPM. Continue reading the article.