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Anonymous Leaks Internal Bank of America Emails

CmdrTaco posted more than 3 years ago | from the i-see-what-you-did-there dept.

The Almighty Buck 535

euphemistic writes "Reportedly the information Wikileaks was set to disclose about a particular bank back from December, 'a massive batch of internal Bank of America emails' has been leaked. While the site hosting it seems to currently be down due to the obviously gigantic amount of traffic interested in this leak, the leak is said to pertain to the Bank of America's improper foreclosure on homes. 'The report came from a former employee with Balboa Insurance — a risk management and insurance firm. The employee reportedly corresponded with Bank of America employees and was told to falsify loan numbers on documents to force Bank of America to foreclose on homeowners.'"

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Well, now we know why (5, Insightful)

elrous0 (869638) | more than 3 years ago | (#35478470)

I guess this explains why Bank of America's law firm [wikipedia.org] was so willing to buy into HBgary [wikipedia.org] and other's bullshit about being able to take down Anoynymous and Wikileaks.

Re:Well, now we know why (4, Informative)

afxgrin (208686) | more than 3 years ago | (#35479012)

And why they bought every single domain name using "Sucks" and "Blows" [motherboard.tv] that involves Bank of America and all their executive management.

Re:Well, now we know why (2)

naasking (94116) | more than 3 years ago | (#35479230)

They should have bought everything with "crooks" in it too.

Re:Well, now we know why (-1, Troll)

C_amiga_fan (1960858) | more than 3 years ago | (#35479110)

Bush, Obama & crew arrested a military private for the Diplomacy leaks.
Wonder who they'll go after for the BofA leak?

Re:Well, now we know why (3)

Grizzley9 (1407005) | more than 3 years ago | (#35479210)

Bush, Obama & crew arrested a military private for the Diplomacy leaks. Wonder who they'll go after for the BofA leak?

"Bush"? Really? It's only mid-morning on Monday. Also, it is against the law to divulge secret-rated info the private leaked. He should be arrested.

And... (5, Insightful)

MikeDirnt69 (1105185) | more than 3 years ago | (#35478492)

.. nothing will happen.

Re:And... (1)

Gaygirlie (1657131) | more than 3 years ago | (#35478676)

Sadly, indeed : Whenever it is a large corporation doing something illegal they at most get a slap on the wrist and no one goes to jail, but whenever it is a single commoner you get thrown in so fast you'll leave skidmarks on the ground.

Money == More important than human rights, privacy or even laws themselves.

Re:And... (5, Insightful)

Joreallean (969424) | more than 3 years ago | (#35479192)

Although the money helps this isn't about money... It's about the fact that these "people" are doing actions of an individual under the name of a corporation. The difference in your example between your corporation vs commoner is that one is an individual. The government can certainly throw the book at a corporation, but what happens? It either gets a bad reputation and loses the market for a while or they just dissolve it and start something new under a new name. There is no personal responsibility for any of the actions of a corporation and therefore there is absolutely no accountability for their actions. As long as we continue to treat a corporation as the "person" responsible for its actions and not the actual people in charge will they be able to do whatever they want with little to no consequences. These people have just learn to shield their own malfeasance under the guise of a legal corporation. I'm by no means saying that all corporations are like this, but at some point it seems they stop caring about the work they are doing and start caring about the state of the company.

Yes, there will be reporocussions. (3, Insightful)

Anonymous Coward | more than 3 years ago | (#35478840)

Members of the Senate Finance Committee will hem and haw and grandstand.

BOA will make some lamo PR statements from the spawn of Satan that PR and Marketing people are.

BOA will then make some "campaign" contributions to the Senators and after a few weeks, the public will have forgotten it all because the powers that be will come up with some distraction issue. A distraction issue is something that really isn't important to this country's well being: going after Muslims (Sen .King), security, non-existent terrorism threats ("possible threats as they call them"), and if everything else fails, bring up some sort of abortion issue or religion issue. Abortion is a great way to distract the hoi paloi.

People are stupid.

Re:And... (0)

thePowerOfGrayskull (905905) | more than 3 years ago | (#35478860)

Obviously I haven't been able to see the leaks, but should something happen on the basis of a third party who provided emails that he claims were from BoA employees? How about we reserve action (and judgement) until the validity of the emails is actually verified?

Ah, I forget. Forging email headers? Unpossible! She's a witch - burn her!

Once the emails are verified (it's certainly well-possible that they are valid), I'd fully support legal action against BoA - but not before.

Re:And... (0)

Anonymous Coward | more than 3 years ago | (#35479100)

Maybe the emails can't be used, but this could put pressure on authorities to do a proper investigation. The emails certainly aren't the only evidence against BoA.
These guys are so arrogant that any (honest) investigation is bound to come up with lots of evidence of wrong doing.

Re:And... (5, Insightful)

ObsessiveMathsFreak (773371) | more than 3 years ago | (#35478892)

Amen. The two words that will characterise this period of history will be "corruption" and "unaccountability". Western management has turned impunity--legal, financial, and personal--into a science.

Re:And... (0)

Anonymous Coward | more than 3 years ago | (#35478958)

Oh no, something will happen. Less people will vote to show their discontent with how the politicians handle this scandal. It has been a hugely successful strategy in the past. I mean, look at how legislation is in virtual lock-step with people's opinion on, e.g., the Bush tax cuts and the public option. Also, the fact that people aren't protesting over the wars in Iraq and Afghanistan is immense pressure on the Obama administration to pull the troops home. The silence must be unbearable. I'm sure he's squirming in his seat as we speak. The same strategy is bound to work when they cut social security.

Re:And... (5, Interesting)

heptapod (243146) | more than 3 years ago | (#35479144)

Of course nothing will happen. These leaked Bank of America emails were released during the Japanese earthquake/tsunami/nuclear crisis. GREAT FUCKING JOB THERE, CHIEF!!! It shows they're a bunch of amateurs who know nothing about timing so this reaches the broadest audience. Slashdot, reddit, and the rest will get up in arms but the people who need to know, i.e. mom & pop and that mythical linux using grandma, won't have it show up as a blip on their radar because of their reliance upon mainstream media to feed them.

I will be closing my BOA account.... (5, Insightful)

Mazzie (672533) | more than 3 years ago | (#35478502)

and switching to a more reputable corporate behemoth like... hrmm... like... uhhh... doh!

Re:I will be closing my BOA account.... (5, Informative)

Anonymous Coward | more than 3 years ago | (#35478522)

Switch to a local credit union. That is, by far, your best alternative.

Re:I will be closing my BOA account.... (1)

Anonymous Coward | more than 3 years ago | (#35478768)

Credit unions also often offer higher interest on savings accounts and lower interest on loans.

Re:I will be closing my BOA account.... (1)

bberens (965711) | more than 3 years ago | (#35479254)

I hear this a lot, but I have never found it to be beneficial to switch away from my megabank because even though the credit union might offer a fraction of a percent higher savings rates it never seems to make up for the additional fees and restrictions required. At my megabank since I use direct deposit I never have to pay any fees except for foreign ATMs, but they're so prolific that that's hardly even an inconvenience the 2-3 times per year I need cash for something.

not necessarily. (0)

Anonymous Coward | more than 3 years ago | (#35478794)

The loan officer/VP at my local credit union was a twit who put personal opinion above credit worthiness. Some people say good, but that can work against you when she still thinks of you as a kid.

I'm so glad she's gone, now maybe I can get a reasonable line of credit.

Re:not necessarily. (1)

Anonymous Coward | more than 3 years ago | (#35478990)

If your local credit union is the only one, then find another one that you're eligible for which is a member of shared branching. That way you can use your credit union anywhere. My credit union BMI [bmifcu.org] is a member, and I haven't been to a BMI branch in years. Oh yeah 9% interest on my credit card, and they said "don't worry about it" for my credit card payments when I deployed to Iraq. No late fees, no interest, just called once a week until I got home.

Re:I will be closing my BOA account.... (1)

Anonymous Coward | more than 3 years ago | (#35478834)

Won't work. While you could get your mortgage from a local credit union, your credit union may sell your mortgage to Bank of America. And, there is nothing you can do about it.

Re:I will be closing my BOA account.... (3, Informative)

Predius (560344) | more than 3 years ago | (#35478924)

Unless you get a non-transferable mortgage. You often have to opt for a slightly higher rate if you go that route, but the option is there.

Re:I will be closing my BOA account.... (0)

Anonymous Coward | more than 3 years ago | (#35479260)

Not all credit unions do this, BofA underwrites the mortgages of my credit union. Although its in the fine print, it is on their website, but buried.

Re:I will be closing my BOA account.... (0)

Anonymous Coward | more than 3 years ago | (#35478922)

Seconded. And they're generally more efficient and profitable simply by virtue of being open and thus less corrupt.

Re:I will be closing my BOA account.... (4, Interesting)

Foofoobar (318279) | more than 3 years ago | (#35479010)

yep have to admit when all the mortgage things happened, the credit unions remained unscathed. My wife and I asked our credit union about that and they said they don't report to a board but only report to their members so they are not under alot of pressure to make giant risky investments; they are only their for their members. And while other banks were being taken over left and right, you didn't see hardly any credit unions being taken over.

Re:I will be closing my BOA account.... (4, Informative)

dkleinsc (563838) | more than 3 years ago | (#35479118)

Also, if credit unions aren't an option for you (which depending on your laws they may not be), at least look for a locally owned bank. They have in general been behaving much better towards their customers and depositors than the big guys.

Re:I will be closing my BOA account.... (0)

Anonymous Coward | more than 3 years ago | (#35478538)

I moved to BB&T in 2007... I've been told they didn't participate in the Mortgage Backed Security cluster-fk back then, but I can't confirm on google right now.

Re:I will be closing my BOA account.... (5, Funny)

countertrolling (1585477) | more than 3 years ago | (#35478568)

I deposit my money into Sealy Posturepedic...

Re:I will be closing my BOA account.... (0)

Anonymous Coward | more than 3 years ago | (#35478614)

Dear Sir: If I had Mod points, you would have them.
-A. Nonymouse

Re:I will be closing my BOA account.... (1, Redundant)

elrous0 (869638) | more than 3 years ago | (#35478636)

My grandpa (who lived through the Depression) always used to say it was better to buy gold and bury it in your backyard than to put your money in a bank. And to think we used to laugh at him.

Re:I will be closing my BOA account.... (1)

Palshife (60519) | more than 3 years ago | (#35478890)

I still would laugh. Even through the economic disaster of the last few years no depositors lost money from FDIC backed banks. Perhaps the lesson here is it's better to keep your money in the bank rather than toss it at the open market.

Re:I will be closing my BOA account.... (1)

140Mandak262Jamuna (970587) | more than 3 years ago | (#35479040)

If you put in piece of paper that says100$ and get back another piece of paper that says 100$ a few years later, you would claim you did not lose any money. But the 100$ you put in had greater buying power than the 100$ you get back, you have lost money.

I am not saying Gold will not lose buying power, prices of gold has had significant down turns in the past, and only after the recent run up, gold is catching up to inflation, it has not beaten the stocks or bonds in the long run (20 years). But still it is very naive to claim that no one lost money in FDIC banks.

Modern society has become very complex with very heavy reliance on external infrastructure in every walk of life. You can not simply disengage from the society and try to live a self sufficient life style of agriculture, hunting and fishing. And the system has become so complex even the top money managers don't really know the risks, and nor do they know how to de-escalate the race to the bottom.

Re:I will be closing my BOA account.... (0)

Anonymous Coward | more than 3 years ago | (#35479116)

Wrong.

Your bank account has lost a significant amount of purchasing power since 2008.

Re:I will be closing my BOA account.... (1)

certain death (947081) | more than 3 years ago | (#35479124)

No one lost money on FDIC Insured banks?!?!? I think you need to go do some research before you say something like that. The insurance is only good up to 150,000 or 100,000 dollars...people have lost money.

Re:I will be closing my BOA account.... (0)

Anonymous Coward | more than 3 years ago | (#35478974)

When gold is cheap, that actually could be a good idea (as long as you (a) remember where you buried it and (b) don't let anyone with a metal detector near your yard).

But when gold is at record high prices like it is now, you really don't want to be buying the stuff in bulk unless you really know what you're doing.

Re:I will be closing my BOA account.... (1)

Eivind (15695) | more than 3 years ago | (#35479164)

So how many normal citizens in USA has this far lost how much of their money due to failed banks ?

Burying gold in your backyard was dumb then, and is dumb now. And yes, I know gold has performed well recently. It's still not *productive*, a kilogram of gold today will still be a kilogram of gold in 20 years, no new value has been produced.

If humanity collectively declined to invest our surplus, or atleast parts of it, we'd still be living in caves.

Re:I will be closing my BOA account.... (0)

Anonymous Coward | more than 3 years ago | (#35479170)

Thanks to mineral rights (or lack of them), I wouldn't be burying anything of value in my yard.

Re:I will be closing my BOA account.... (1)

jd2112 (1535857) | more than 3 years ago | (#35478844)

My Serta fund has been consistently outperforming most of my other investments for the past several years.

Re:I will be closing my BOA account.... (0)

Anonymous Coward | more than 3 years ago | (#35478592)

and switching to a more reputable corporate behemoth like... hrmm... like... uhhh... doh!

... a Credit Union? Trust me, you'll never look back.

Local Credit Union not always perfect (1)

Anonymous Coward | more than 3 years ago | (#35478952)

I've been a BoA customer for about 15 years and they've never done me wrong in any way at all. I've recently paid off a car loan thru them, and only have about $2K debt on a BoA credit card account, which I'll be able to pay off to zero once I get my income tax refund. Maybe it's time for me to leave them as soon as the CC is paid off... because I don't like supporting anyone with my business, when their integrity is under such increasingly serious questionability and doubt.

I've also held savings and checking accounts in a local credit union for many years, and currently have a boat financed thru the credit union.

About the only thing that's been keeping me from completely closing down my business with BoA has been that BoA has a pretty nice online banking system that I use a lot, and my local credit union has provided almost zilch with their minimalistic online banking website, but they've recently switched to a new provider... all their online banking stuff is outsourced since they're too small to even have an IT department, and since the new provider is one who only does online banking websites for numerous CUs and S&Ls across the nation as their sole business, I'm hoping the new website will be a lot more robust, secure and usable.
Also the girls who work in my CU are frequently losing or misplacing correspondence (happened twice with me in the past 4 months) , which does worry me a bit, so I'll have to keep a close eye out for that.

Re:I will be closing my BOA account.... (1)

Anonymous Coward | more than 3 years ago | (#35478600)

Start your own bank! We could always do with a few more, competition and all that.

Re:I will be closing my BOA account.... (4, Interesting)

Captain Hook (923766) | more than 3 years ago | (#35478750)

I have actually looked into doing that, well I looked into setting up a Building Society here in the UK (Our equivalent of a Credit Union) but according to the Building Society Association, it needs a minimum of £1M backing with 10 members agreeing on a business plan which can take 2 years to get approval from the FSA. The last Building Society to be setup was in the 1980s.

In some ways I think it's good that it takes a lot of effort and regulation to setup a Building Society but in a post Bankers are scum world, it does kind of feel like it's just there to stop new players entering a market which competes against banks and their huge profit margins.

I wonder if there will be some new Building Societies started up in the future given the hatred of bankers or whether the market has now been so well sewed up and no small BS's could ever be started again.

Re:I will be closing my BOA account.... (2)

xMrFishx (1956084) | more than 3 years ago | (#35478894)

It would be interesting to run a money instutition based on loaning money you actually Have, and publically displaying loan transactions, in and out on a minute by minute basis. Is there such thing as a LawfulGood bank, and could one be made?

Re:I will be closing my BOA account.... (0)

Anonymous Coward | more than 3 years ago | (#35479180)

Oh please.... £1M and 10 members, and you think that's a steep entry requirement to start up a financial institution??

You're talking about an institution who's purpose is to loan money for a mortgage to buy a home (hence the word "building" in Building Society). Given that the average house price in the UK is in the region of £200K - £300K (depending on region), you're going to be handing out that million in startup funds fairly quickly once you start getting even just a handful of customers.

Re:I will be closing my BOA account.... (1)

dunezone (899268) | more than 3 years ago | (#35478624)

Come on Comrade! Chase me to CHASE!

Re:I will be closing my BOA account.... (1)

Anonymous Coward | more than 3 years ago | (#35478942)

CHASE is actually one of the worst banks in the world, and this is not my opinion, it's a proven fact. Google it. As a rule of thumb, don't ever subscribe to something that keeps sending you spam everyday in the mail.

Re:I will be closing my BOA account.... (0)

jellomizer (103300) | more than 3 years ago | (#35478696)

It really doesn't matter who you go with. A big name like BoA starts to do something where at the time is getting customerers shortly other banks will do the same just to stay competitive. Competition isn't always good, especially when the biggest competitor plays underhanded.

Re:I will be closing my BOA account.... (0)

Anonymous Coward | more than 3 years ago | (#35478758)

Switch to a credit union.
Usual benefits include no more fees for checking account, free check books, low credit interest rates etc.

Re:I will be closing my BOA account.... (0)

Anonymous Coward | more than 3 years ago | (#35478858)

Only problem is, refinancing your house costs thousands of dollars so it's not so easy just to switch.

Herro! Dis Is Shitty Wok! Oh... Wait! (1)

Greyfox (87712) | more than 3 years ago | (#35478878)

Herro! Dis is Shitty Bank! Do you want to open a shitty bank account?

leaked? (5, Interesting)

Black Parrot (19622) | more than 3 years ago | (#35478512)

Reportedly the information Wikileaks was set to disclose about a particular bank back from December, "a massive batch of internal Bank of America emails" has been leaked.

Is this saying that Wikileaks' information was leaked by a third party?

As for bank foreclosure fraud, we've known for a year or more that banks have been doing that. A common case is that all the shady asset-juggling left things in a state that no one knows who actually has the rights to it, so the evictions are rushed through without proper legal scrutiny, or even on the basis of forged documents.

Re:leaked? (3, Informative)

Anonymous Coward | more than 3 years ago | (#35478580)

If Wikileaks has something, this isn't it. These docs were directly leaked to ANON.

BTW, I'm a total luddite but occasionally hang out in Anon's IRC channel, you should too, its not like its hard to sign on.

And now I'm on the terrorist watchlist and a botnet.

Re:leaked? (2)

elrous0 (869638) | more than 3 years ago | (#35478682)

BTW, I'm a total luddite but occasionally hang out in Anon's IRC channel

Citizen, please place your hands in the yellow circles and await a law enforcement action. Thank you.

Re:leaked? (1)

Duradin (1261418) | more than 3 years ago | (#35478634)

If this is all WL had on BoA I can see why they didn't want to reveal it, the hype they built up was worth more to them than what was in the leak.

Coming soon, find out what color the sky is and what fire is like (and something sinister about water)!

Woman dead. (3, Insightful)

Anonymous Coward | more than 3 years ago | (#35478526)

If there is any connection with this to the women being shot and killed a few hours ago at Bank of America, I would had to see that connection not be made.

Simple Google News search will get you the links.

And here is a better link than the one posted (provides screenshots and better context of th conversation):
http://bankofamericasuck.com/03/13/ex-bank-of-ameica-employee-can-prove-mortgage-fraud-part-1

So they're evil, what's new? (-1)

rwa2 (4391) | more than 3 years ago | (#35478534)

Sorry, but anyone who is stupid enough to still have a BoA account deserves everything they get from them.

/ former BoA customer (quit it before I left college)
// married into a FCU

let's see (1)

fredan (54788) | more than 3 years ago | (#35478570)

Re:let's see (1)

houstonbofh (602064) | more than 3 years ago | (#35478684)

About the same. You see, screwing people over for profits makes for a more appealing investment. Sucks to be the customer, however.

Doesn't matter anymore (1, Interesting)

Moof123 (1292134) | more than 3 years ago | (#35478602)

We've seen too many times over in the last decade (or three) that these powerful interests are pretty darn immune. Now and then someone high up either pisses off the rest, or is thrown under the bus and the perception of justice is maintained, thus muting the pitchforks long enough to snub any momentum. Sadly these guys could be found shooting orphaned kids to clear out foreclosed houses and they'd still get away with blaming it on "paperwork" or some such BS.

So, yeah, great, another treasure trove reminding me just how rigged our "free" society is, and another false circus to watch work through the worthless media system. More depression. More pointlessness. Take your loaf of bread home and feign thankfulness that the power elite have let you eat for another day.

Re:Doesn't matter anymore (4, Insightful)

elrous0 (869638) | more than 3 years ago | (#35478732)

In their defense, they have invested a LOT of money in buying off Congress. It's only fair they get a return on that investment. That's the free market at work.

Re:Doesn't matter anymore (1)

hesaigo999ca (786966) | more than 3 years ago | (#35479198)

This is exactly how I feel too about our current gov. system, as long as palms remain greased no one is held accountable.
I would love to have some few disclosures about who got hit, to then be able to mount up a major class action lawsuit, of which maybe some of the family members of people in high places would be a part of....that way not only would there be a big media frenzy, you would actually see this go further to court, as those said politicians families who were hit, would not go unrecognized.

but this alas, is merely a dream...

Where's the beef? (1, Informative)

Anonymous Coward | more than 3 years ago | (#35478610)

From reading batch #1 of the e-mails, it seems that a batch of letters were sent out in error and the company did not want those letters being linked to the loans. Of course the e-mails don't mention enough details. but it sure sounds like the insurrance company sent out a hundred letters claiming that homeowners didn't have insurance, and threatening to impose forced placement insurance (Balboa's business). Then Balboa realized it was in error and asked BofA to remove the incorrect letters from the loan files so that BofA employees wouldn't get confused and think that the homeowners had loan problems.

Its misguided and a dumb idea, but not some great criminal conspiracy. The rest of the Wikileaks post is a polemic against the american banking system, which shows that they have no real interest in outing fraud and corruption, but merely want to be an annoyance to hurt the bankers.

If you want to learn more (2, Informative)

MikeRT (947531) | more than 3 years ago | (#35478644)

Read the Market Ticker [market-ticker.org] . Seriously. It is probably the most insightful site I've seen on the scope of the fraud being waged against the American public. In particular, note the number of times Bank of America or "Bank of America employees" get referenced in behavior that sounds more like it should be happening in Zimbabwe than the US.

Re:If you want to learn more (0)

Anonymous Coward | more than 3 years ago | (#35479078)

The link replies by:

"Banned IP Address
This IP address is barred from all access to the forum.

Either this address is associated with an anonymous proxy service of some kind, or it has been flagged as belonging to or being used by someone who has abused the forum.

If you are attempting to use something like TOR to access the forum, turn it off; we do not permit the use of these proxies to access the forum.

If you are not using any sort of proxy and believe you have gotten this message in error, send email to "info@denninger.net" and, if you get a spam intercept bounce, follow the instructions returned to you. Include enough information to identify yourself, including your login ID on the forum, and we will investigate and get back to you.

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"

Russia? (4, Interesting)

WindBourne (631190) | more than 3 years ago | (#35478658)

Wikileaks is sitting on all sorts of good stuff about Russia. Why does Assange not release that?

Re:Russia? (3, Insightful)

advocate_one (662832) | more than 3 years ago | (#35478710)

Wikileaks is sitting on all sorts of good stuff about Russia. Why does Assange not release that?

The gangsters in charge of Russia really do have no scruples when it comes to eliminating inconvenient people...

Re:Russia? (3, Funny)

Duradin (1261418) | more than 3 years ago | (#35478752)

I would guess Russia has many ways of making it worthwhile to not release it. Probably very elemental ways, Au or Po.

Re:Russia? (0)

Anonymous Coward | more than 3 years ago | (#35478888)

Or Pb.

Re:Russia? (1)

muyla (1429487) | more than 3 years ago | (#35478932)

How would they poison someone with gold? It would be easier to see them trying to buy someone out with Polonium than with gold!

Re:Russia? (1)

msauve (701917) | more than 3 years ago | (#35478934)

Polonium? ITYM Pb.

Re:Russia? (1)

Kosi (589267) | more than 3 years ago | (#35479140)

Obvious solution: take the Au, buy sufficient security with it and release the material nonetheless.

Or just leak it anonymously to every Woodward-like journalist you can find.

Re:Russia? (3, Funny)

Duradin (1261418) | more than 3 years ago | (#35479280)

That's the beauty of Russia's style: take their gold, hire all the security you want, but one morning you'll find they Po'd in your cornflakes.

Re:Russia? (0)

trollertron3000 (1940942) | more than 3 years ago | (#35478756)

Israel too.

Re:Russia? (1)

pla (258480) | more than 3 years ago | (#35478774)

Wikileaks is sitting on all sorts of good stuff about Russia. Why does Assange not release that?

Because the mob (and by extension, the Russian "government") doesn't even pretend to "prosecute" you, they just pull you into an unmarked white van, torture you, and dump your corpse in a ditch.

Re:Russia? (1)

Kosi (589267) | more than 3 years ago | (#35479176)

Because the mob (and by extension, the Russian "government") doesn't even pretend to "prosecute" you, they just pull you into an unmarked white van, torture you, and dump your corpse in a ditch.

That only differs in the last part from what some of your three letter agencies do. OK, maybe their vans have a different color, too.

No one investigating, no one going to jail (5, Insightful)

RichMan (8097) | more than 3 years ago | (#35478688)

The governement administration was pretty quick to hand them money to keep going and the oversight seems to be uninterested in putting people in jail.
If you pickpocket a $100 store item expect to go to jail. If you force thousands into bankruptcy and put several nations into financial stress you will have no problem collecting your yearly bonus pay.

It seems to me we need a crack down on white collar crime.

Stop jailing people for grams of pot and start jailing people for ((( some smart saying I can't think of that means investment people who steal money))).

Re:No one investigating, no one going to jail (2, Informative)

Anonymous Coward | more than 3 years ago | (#35478720)

" ((( some smart saying I can't think of that means investment people who steal money)))."

Fraud?

Re:No one investigating, no one going to jail (1)

UninformedCoward (1738488) | more than 3 years ago | (#35478854)

(((Institutionalized embezzlement)))

Re:No one investigating, no one going to jail (2)

140Mandak262Jamuna (970587) | more than 3 years ago | (#35479088)

(((Institutionalized embezzlement)))

It has gone far beyond institutionalized embezzlement. It is lapping up the shores of Cleptocracy.

Re:No one investigating, no one going to jail (2)

benjfowler (239527) | more than 3 years ago | (#35479018)

The police only really exists to enforce economic rights. Generally only the economic rights of the rich and powerful.

Seen in this light, law enforcement priorities make perfect sense.

Big deal (0)

rsilvergun (571051) | more than 3 years ago | (#35478704)

People were still falling behind on their mortgages. They might have kept their homes for a few more months, but that 'might' is enough grey area for BofA to wiggle out of. Maybe if this effected the rich (like Bernie Maddoff Did) it would matter. This'll fizzle out.

I mean, we've got a Supreme Court Justice on the take [google.com] and no one gives a flying rat's @$$. This is small potatoes...

I'm done with fraudulent banks, bitcoin from now o (-1)

Anonymous Coward | more than 3 years ago | (#35478728)

I am paying off the rest of my credit cards, canceling them, and then switching entirely to bitcoin as a medium of exchange. I'm done with banks. I'm done with the fed.

Bitcoin.org - a p2p decentralized currency

Re:I'm done with fraudulent banks, bitcoin from no (0)

Anonymous Coward | more than 3 years ago | (#35478784)

Bitcoin does not prevent hording.

It will suffer the same fate as any currency based on a finite resource (like gold): over time, the money is filtered to the people who save, until everyone is poor except a select few people who have everything.

Re:I'm done with fraudulent banks, bitcoin from no (1)

Kosi (589267) | more than 3 years ago | (#35479244)

It's not a problem of what the currency is based on. It's an inherent problem of capitalism itself.

Re:I'm done with fraudulent banks, bitcoin from no (1)

thePowerOfGrayskull (905905) | more than 3 years ago | (#35478886)

Let me know how that works for you. Especially when you go to pick up groceries. Or pay your electric bill.

I have faith (1)

acehole (174372) | more than 3 years ago | (#35478736)

That there will be a bit of noise from the rabble about this but after a week, this will be gone and nothing would be done about it.

Such is the way the system works, throw enough money at something and it will go away.

Re:I have faith (0)

Anonymous Coward | more than 3 years ago | (#35478872)

Ah yes, a small wave rocks the boat, but alot of small ones will eventually resonate enough to flip it over. There's only so much room under the carpet before people start to notice. Once you make enough people aware of a potential problem, they'll start actually looking for signs instead of ignoring them as part of the "oh it'll go away" ideas we've had put upon us. Currently the m£dia is something of a powerful entity being brought out by those with deeper pockets, but even the media will eventually realise the lobby behind it has nothing to back it up besides more printed money and may turn against the hand that feeds it.

Re:I have faith (0)

Anonymous Coward | more than 3 years ago | (#35479080)

Look over there! A commie!

Mirror? (0)

Anonymous Coward | more than 3 years ago | (#35478786)

The website is still down. Is there anywhere a mirror of the leak? torrent DHT Link?

As a BoA customer... (2)

FlapHappy (937803) | more than 3 years ago | (#35478790)

I'm just waiting for the "Damage Control Fee" to show up on my next month's statement. Then I'll have to pay an "Account Closure Fee" as well as a "Don't Let Your Ass Hit The Door On The Way Out Fee".

Re:As a BoA customer... (2)

LostOne (51301) | more than 3 years ago | (#35479076)

You forgot the "Fee Fee", unless they're already charging you that one?

derp (-1)

Anonymous Coward | more than 3 years ago | (#35478824)

herp bank of america derp fraud herpty derpty in other news, cat falls out of tree omg!!!!!!!!!

herpty derpty doo more news on what the doctor says about the cats leg in 5.

You know... (0)

Anonymous Coward | more than 3 years ago | (#35478876)

Because of my situation (green card holder up for renewal in a little less than a year) I am staying way out of the way of these leaks, but it makes me smile that the people at least still have some power.

good news (-1)

Anonymous Coward | more than 3 years ago | (#35478920)

good news to know http://www.knitting-machinery.com/ [knitting-machinery.com]

Grey market economy (2)

plopez (54068) | more than 3 years ago | (#35479190)

The corruption in the "market" economy (which it isn't) is making me turn more and more to the grey market economy. Bartering and selling goods and services for other needed goods and services with out using conventional financial channels, e.g. bank accounts and credit cards. Cut out the middle man and get off of the grid.Kkeep your "seed money" under the mattress. The mattress is a much safer place than putting into the hands of those thieves.

I also have run into some small businesses which are refusing to accept credit cards now. The theives at the CC companies not only charge obscene amounts of interest but also charge obscene fees to the merchants for each sale. By cutting out the banks the small businesses actually gain an edge over larger businesses by keeping costs low.

For the Revolution!

BoA Leaks by 4Chan (0)

Anonymous Coward | more than 3 years ago | (#35479208)

The e-mail are gone...no torrent available...and DDoS on bankofamericasucks page...

Anybody got a mirror address?

Link? (1)

dimethylxanthine (946092) | more than 3 years ago | (#35479274)

Where's the link to download?...

Incompetence Conspiracy (5, Informative)

Anonymous Coward | more than 3 years ago | (#35479286)

As someone who has worked for a big bank, I can assure you that while there are pockets of AMAZINGLY retarded people that commit blatant fraud, it is mostly just a large group of MOSTLY retarded people committing fraud and not really recognizing that's what they're doing.

I worked hand in hand with the foreclosure group and I think I can summarize what's really been happening:

1) Overwhelming Workload + Incompetent Staff = Mistakes
a) Leads to massive spike in hiring through temporary agencies and the introduction of a much larger group of incompetent people into the process.
2) Convoluted, counterproductive processes + people who can't use excel spreadsheets = Mistakes
a) See 1a
3) Incentive Structure - This one's a bit harder but most banks use production based incentive structures to pay employees beyond their base pay. The more work you do, the more money you make. If it's easier to get rid of a "file" (troubled loan) by tossing it to the foreclosure group and having it roll through that process than it is to help someone save their house, guess what happens. If it takes you an hour to successfully help someone (which it doesn't, it takes days or weeks) or 10 minutes to move their file to foreclosure and therefore out of your stack, and you get paid based on how many files you move out of your stack, guess where all your files go.
4) Banks DONT LIKE TO RESCIND SALES. It costs them money.

To me, this is all SUPER old news. I watched this happen in real time for years and the news was always WAY behind on what was happening and WHY. It's not as simple as "banks are greedy and committing fraud/crime." That's certainly a part of it, but not nearly half of it. Realistically it's "There's too much work to do and the people doing it truly don't understand what they're doing"

It's way easier to recognize what's really happening when you look at how things are done at the bottom. Listening to CEOs and PR reps is a waste of time, they have no idea what's really going on underneath them.

The problems we have always faced are the result of incompetence, period. More to the point the problem is people.

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