Wikileaks Next Target: "A Big US Bank"

Tyler Durden's picture

Honest distributor of leaked data or a clever PsyOps front, one can not deny that whatever it is, Wikileaks does share some unique information with the world (as to how it is interpreted is a different story). Yet for the most part, the bulk of the organization's recent exposures have focused on the US military and away from the private sector, and thus away from that which is really important in today's world: money (of a paper representation thereof). Which is we read with interest in the latest Julian Assange interview with Forbes' Andy Greenberg that next on the docket of Wikileaks disclosure is not some facebooky look into the gossip world of international espionage or the foreign service, but something far more tangible and relevant: "A Big US Bank."

From the interview:

These megaleaks, as you call them that, we haven’t seen any of those from the private sector.

No, not at the same scale for the military.

Will we?

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.

Is it a U.S. bank?

Yes, it’s a U.S. bank.

One that still exists?
Yes, a big U.S. bank.

The biggest U.S. bank?

No comment.

When will it happen?

Early next year. I won’t say more.

One needs to ask whether this is what we need: after all the US public already has enough public data to convict the executives of all the banks for numerous consecutive life sentences as is. It almost seems that nothing short of photographic evidence of some very (in)famous bank CEOs have underage sex while filming snuff movies, dressed in drag, killing puppies and recording their market manipulation conversations with Brian Sack will even rattle the Rip van Winkle formerly known as Eric Holder. But then again, we can hope...

As for Assange's reason for coming to public with the bank exposition:

What do you want to be the result of this release?

[Pauses] I’m not sure.

It will give a true and representative insight into how banks 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.

For this, there’s only one similar example. It’s like the Enron emails. Why were these so valuable? When Enron collapsed, through court processes, thousands and thousands of emails came out that were internal, and it provided a window into how the whole company was managed. It was all the little decisions that supported the flagrant violations.

This will be like that. Yes, there will be some flagrant violations, unethical practices that will be revealed, but it will also be all the supporting decision-making structures and the internal executive ethos that cames out, and that’s tremendously valuable. Like the Iraq War Logs, yes there were mass casualty incidents that were very newsworthy, but the great value is seeing the full spectrum of the war.

You could call it the ecosystem of corruption. But it’s also all the regular decision making that turns a blind eye to and supports unethical practices: the oversight that’s not done, the priorities of executives, how they think they’re fulfilling their own self-interest. But it’s also all the regular decision making that turns a blind eye to and supports unethical practices: the oversight that’s not done, the priorities of executives, how they think they’re fulfilling their own self-interest. The way they talk about it.

While we refuse to pass judgment on Assange's character, and his motivations, it appears that he may have finally figured out that to enact change in a country, you have to go not after the politicians or even the military industrial complex. After all both of those are puppets for the moneyed interests. One has to go after the very heart of the financial oligarchy. Money always has made the world go round, never more so than in the US currently. Perhaps Assange can redeem himself of all attacks on his persona if he does succeed in disclosing something that is beyond mere watercooler talk and actually leads to at least one major prosecution. After all, the US' own regulatory and enforcement mechanisms are corrupt beyond repair, and completely unable to do so on their own...

(and yes, we certainly hope it is not Lehman Brothers, although the bank in question is most certainly going to get the Lehman treatment. The question is who will benefit from this disclosure, and now that Goldman's FICC desk is no longer the gold mine it used to be, there are some suggestions)

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etrader's picture

JPM  BOA or Citi

Take your pick  on which cup the ball is under :-)

B9K9's picture

Either way, it really doesn't matter. In fairly short order, the central state(s) will no longer have sufficient resources in which to enforce existing security paradigms. We're just going through the respective end-game motions before things really begin to get interesting.

The kick-the-can game has always been about buying enough time in order for science to come up with some new growth formula. The only possible way out was to increase our net global energy utilization - by any means necessary. Absent that, we are going to finally meet our collective destiny.

The same-old, same-old about (you pick) the PTB are clueless, you can't get out of debt by incurring more debt, etc, elicit nothing more than a 'no shit' shrug from those who are capable of understanding what is actually occurring. Ben didn't score a perfect 1600 on his SAT by possessing an intellect that would mistakenly believe the Irish (or anyone else) are/were going to accept paying higher taxes & receiving lower benefits as a medium/long term solution.

The open source hits are beginning to come from a wide spectrum of different actors. No need to be an iniator however - just noodle out where increasing societal chaos leads. If you wanna stay, study up on the situation in Mexico. If you wanna get out, figure out how to erase your identity.

Rusty Shorts's picture

"Exactly. Which is why most people I know think they can ignore the math and everything will be okay. They fight the very idea that there is a real decline in quality of life, that it is permanent, and that it will continue to deteriorate. As Michele added above: "Apres moi, le deluge." Everyone else will get screwed but not me, I got mine.
It's a tsunami. Previous paradigms no longer apply.
Teevee, junkfood-addled Amerika could not withstand a currency collapse. The Black Plague made human capital valuable again - in modern application we have tens of millions on the gov't teat with no recovery.
All those 99-weekers waiting for jobs. What jobs? Doing what? The service economy is a fiat lie and our infrastructure is based on a constant flow of cheap oil.
Mortgage? WTF for? Prices are artificially high because of 1) shadow inventory 2) who can say they will be employed in their profession to make payments for 30 years anymore - no man is an island.
Stay nimble. Stay quick. This is no time for white picket fences. Going back to the sad, miserable, drugged-up state of our Nation it ain't a stretch to imagine that the Mandarin speakers are planning to make use of their raw (war) materials and spouse-less young men for "real estate acquisition". Hasn't anyone read a history book around here? The Chi-Coms have openly spoken of how they deserve North America. This kind of scenario isn't discussed because it is the worst-case scenario outside of nuc-bio-chem warfare, and then subsequent invasion.
"Oh, but China needs us and we need them." Bullshit. Everyone is buying time. The Chinese aren't stupid and they know they aren't getting their money back. Some finance guy over there said US bonds are not safe medium and long. In other words "We are trying to buy as much time as possible to acquire tangible assets that matter!"
All the survivalists from the 70's were wrong because they didn't understand the "Nixon" trick/effect of taking us off the gold standard and taking paper money to its extreme utility. It would have been better to face this shitstorm back then. Back when Americans were still eating meals that had real nutrition, no obesity epidemic, actual human interaction, strong infrastructure with less bureaucracy. Today it's all bloated beyond recognition.
When the Fed finally makes a move that has a visible and real effect on Amerika even rationing of supplies won't keep the interurban areas content. We are at the brink of a f.u.n.d.a.m.e.n.t.a.l. shift. Be far away from the millions that require a weekly check for their very survival. Do you think the owners of the Fed care if millions starve?"

tgatliff's picture

Different does not always mean collapse.. When you have the current system completely "fall apart", what are you left with?   A return to fundamental economic activity.  Meaning, all that is occurring right now is a return to sane economic models.  

New_Meat's picture

Dude-pay attention to ol' Rusty

"When you have the current system completely "fall apart", what are you left with?   A return to fundamental economic activity. ..."

All good, as far as it goes.  Question for ya: "What is the expected transition time between your 'left with' and your 'return to fundamental...'

I betcha' that it is longer than the three days.

OK, since I say three days, let's get it on: I say twelve days.

My bet on the O/U: I'm taking the Over.

How say you?

n'est ce pas?

- Ned

Rusty Shorts's picture

Thanks Ned, but ...


For the record, that is a quote I saved from B9K9, hence the " " marks, at least i think it's a b9k9 quote ... or was it Mako ?

Fish Gone Bad's picture

I do not know if it was Mako, but I do feel left out.  A while ago I commented that Goldman Sachs employees work part time at the local animal shelters, killing baby puppies with claw hammers.  Now I see in the above article, "killing puppies" mentioned.  Perhaps this is probably just an idea whose time has fianlly come.

Writing killing puppies is descriptive.  Writing killing baby puppies with claw hammers is the sign of a person who really needs to take up drinking and writing full time.

Rusty Shorts's picture

 - writing killing kittens with a hatchet is another sign.

Crisismode's picture

You are a complete and totally utter idiot.


End of report.


Milestones's picture

Rusty, You mention "Tangible assets that matter." Pray tell, what are you suggesting?

An absolutely great post. We are all trying to sum up some how this monster fuckup we are engaged in. You have added to the list of thoughtful responses. Not quite there, but you're knocking on the door.

You hint at the possibility of invasion by China. I have seen suggestions of a 60-40 Male-female ratio in China though I think such a margin is totally unacceptable. Assuming a population of 1.3 Billion this works out to a 260 Million imbalance. Europe would have long been overrun as well as Russia. But it does remain a scary proposition even if the imbalance is 60 Million young males.

I would encourage you to continue your ruminations. You have an excellent start.  Milestones 

Rusty Shorts's picture

Milestones, you're correct, it is an absolutely great post, but it's not mine ... it's someone else's, i saved it here one ZH a few months ago, being that it was a "GREAT POST".


 - wish i could "articulate" my thoughts like the person who posted this nugget !!!


 - here's another;


"I think this is the great example of why so many pin their hopes on the "as-yet-unknown-future-technology-fix". We just pop together the as-yet-unknown free energy device into the as-yet-unknown spaceship and fly to the as-yet-unknown destination and *wham!* populate the galaxy."

lead salad's picture

It was a great post.  Thanks for sharing it.  I think I will save it too.

Accidental Farmer's picture

"Be far away from the millions that require a weekly check for their very survival"

That is the key. I used to think that the solution for the collapse was purchased at the gun show. Once stocked, I turned to metals for that warm fuzzy feeling. But you can't eat gold or guns, so now I'm digging my little out of the way farm.  When you're surrounded by people who live off the land and off the grid, the whole idea of the push button society melting down becomes insignificant.

The collapse is coming, but it won't hurt so bad, or even be that noticeable if you're not dependant on the machine that is collapsing.

I say let it collapse. The sooner the better.

4xaddict's picture

I like the gesture in this idea but the problem lies with how you and those surrounding you are going to protect your lands? Pinkertons? Might be better to just leave all together after all what is a nation without society and culture? Well it's just a piece of land like the rest of them.

And once it's all melted down who is going to manufacture weapons for the defense the sustainable little community? It all gets a little more complicated than just heading for the hills

4xaddict's picture

*Rusty Shorts

I agree with you that the fabric of US society needs to change and in a rapid/material manner and that those who start realising this sooner are going to be much better off however, I am no Chinaman but strongly contest the idea that China has an expansionist policy.

To the best of my knowledge there has never been a centrally planned chinese invasion of another sovereign state, furthermore the contested areas that they claim as their own originally were.

I don't think culturally it is something that they do, they consider themselves the middle kingdom as the world revolves around them. They don't want to leave their homeland.

There are a lot of crack pot conspiracy theories about how the chinese are going to invade and steal the world however if the US keeps it's thieving fingers out of other sovereign state's affairs I am sure there will be no young chinese men visiting your shores anytime soon. In fact people peddling this horse shit are more dangerous than the chinese because all of a sudden as things get more dire this starts becoming a widely believed concept and gives the US gov artistic license to invade China. If there is a war the US will start the fucker, don't worry about that.

Remember there is a lot of US owned IP and capital assets sitting within the Chinese borders already and given anyone can wikileak anything they want these days I am sure their surplus of single young men are all balls deep in as much cyber-stolen IP as they can poke a stick at. They don't need the US, and will survive a downturn given their nature is to "suck up the pain" and get on with things. It's a standard term in Chinese vocabulary and the greying generation were living like it was medieval times only 40-50 years ago. They will survive without USTs. 

Seriously though, does anyone have some meaningful information to share about China besides this fear-mongering bullshit?

Until some ballsy little weasel in Washington stands up and says we have to take the appropriate and realistic writedowns on property market loans that is truely required the US is fucked. 

God forbid, US citizens are just going to have to rent a house for the next 5+ years till they can get in some semblance of credit worthiness. And before anyone makes the witty comment that "someone needs to own the homes in order for people to rent them", if prices are truly written down to market prices, the ability for individuals to make the 5% fixed 30/y repayments on a 100K property as opposed to the BS 500K valuations still running on the banks books are substantially higher. Interest only on 100k is less than $100/week.

Furthermore as the government owns most of the houses anyway, how can ingesting surplus housing stock they own into a government managed rental pool hurt when it creates jobs for property agents, maintenance guys etc. (those remaining unsold for over 12 months may be a start to ensure some manner of upkeep is maintained.) 

Sure you say "but that's nationalizing the housing market and we went through the cold war to fight commies". The fact is it's already been nationalized so rather than denying this just suck it up and make hay with what you have. At least this would allow the gov to take in some revenue to help maintain some value in these quickly deteriorating overvalued assets they hold on their books.



Rusty Shorts's picture

"the cotton was short, and the weeds were tall, But Mr. Roosevelt's gonna save us all. A washing machine and a Chevrolet".

Mr Lennon Hendrix's picture

S a t's, from ivy leagues, spent best as confetti for parties.

Turd Ferguson's picture

Hey, Jimi, maybe the "big US bank" is JPM? How bout a little wiki-silver manipulation?

John Bigboote's picture

One thing is for sure: he is a dead man now.

Dr. No's picture

Wikileaks is crazy... like a fox!  He leaked all the US classified info to get on the list.  No doubt is is surveillanced by every intellagence branch of the US, Russia, Europe, Scotland yard, and probably even Blackwater. 24/7 even holidays. 

Then he drops the big one: Wikileaks is going to expose a US Bank.  If the bank does try to get him they will have to do it while on spycam of every government agency.  Gutsy.

GeoffreyT's picture

"study up on the situation in Mexico" - why is that representative of increasing societal chaos and a decline in the government's abililty to fund its drone-thugs? The Mexican situation stems precisely from a massive INcrease in the number of drone-thugs per capita; and the continued stupidity of prohibition (which generates massive monopoly profits/risk premia for those willing to engage in trafficking - i.e., in providing a good for which there is massive demand).


As usual - if the US kept its stupid long fucking #6 nose out of other countries' business, the global death count would be lower.


However the core of your thesis - that the State will soon no longer be able to afford its security apparatus, is something that I have been saying for some time.  And once it comes down, woe betide those who currently get their jollies by carrying a badge and a gun and wearing some silly uniform; life for them is going to be a little like being a former stukach in the immediate post-Soviet states... nasty, brutally-terminated, and short.


Why can't I see a goddamned cursor in this edit box? Gah.

AnAnonymous's picture

In fairly short order, the central state(s) will no longer have sufficient resources in which to enforce existing security paradigms.


That is a very long term prospect.

Central states can tap into other central states' resources, non central states' resources (currently the most taken path) and their own population's resources.

A light protocol to check this: US army oil consumption. This consumption will decline less than other sectors, meaning that other sectors are going to 'attribute' part of their consumption to maintain the gains they get from the US army security network.

NotApplicable's picture

Thanks for clarifying my idiot or troll question from earlier, as there is no hiding your disdain for ZH in this post.

Though I guess it's likely you could be both.

Jeffersonian's picture

teamamerica> TD's name and background is already on Wikipedia. What more do you want us to do, type the fucking name into your browser for you?

CrazyCooter's picture

Hey Fsck wad, let me share with you what I shared with numerous other citizens (liberal, libertarian, and republican) on a personal mailing list.

You want a piece of this vet? Come get it.

- Cooter



A while back ya'll got a taste of what my congress critters got to put up with. Rest assured I send a well penned letter every so often letting them know what I think about current affairs. They typically don't respond or call. They are about to get one for this HS/TSA crap. Each and every one of you should contact your rep and senators, in writing, to just say what you are saying on this list; not in my country. And don't forget to ask for a response on their position.

I want to reiterate that flying is still much safer than driving. Do keep that in mind as you continue reading.

On to my point, WikiLeaks has been in the news (again) lately. Free speech has always been a complicated argument for a lot of reasons. It is numero uno on a certain list of rights for a reason. We exercise it daily on this list. It is, at its center, the essence of liberty. Sometimes folks can forget *this* is what so many veterans volunteered for. It is why I volunteered, at 18, having no clue how the real world works, just like damn near every vet out there. Over our nations history many of those volunteers gave theirs knees or their lives to defend a very short list of rights for the posterity of their families. Many politicians will bend this sacrifice to many ends, most ignoble. These same politicians put our volunteers in harms way, often times with missions in opposition to the aforementioned short list of rights so inspirational to young men and women. Please do not discount the intent of volunteers because of the actions of political leadership.

I hope everyone on this list paused part way through my last paragraph and realize they now have a burden; calling your representative/senator and making *your* views known, particularly with regards to the HS/TSA. If your representation refuses to support your views, vote them out. Make no mistake, it is the duty of every citizen, regardless of religion, party, race, or other, to make their morals and ideals known to their representatives. Be kind, patient, and courteous, but make your morals and ideals known.

I didn't tell you what to say or think like every other politically motivated communication floating around. I asked you to represent your morals and your ideals without concern or fear what they may or may not be. Why? Because all Americans feel pretty much the same way about this issue and we need to make our voices heard.

Anyway, I have a list of links which I was going to carpet bomb the list with, but this showed up recently and touched on something near and dear to my heart.

I feel I have a good handle on what is going down in terms of finance. I have already circulated a link to a book (the dying of money) ya'll should all be reading if you want to know the ending before it happens. The only way to stop it; putting wall street criminals (thousands of them) in jail and blowing up bank bond holders. As a nation we must default and take care of our own (feeding/housing/caring for the elderly who depend on SS and balancing trade for those of working age). Yes I said default. We are past that point now, but not so far we can't take care of our own.

Why is this related? The HS/TSA is a trial run for how security will increasingly work for the "common man" when things continue down their current path. It starts somewhere, but eventually it will be at grocery stores. Step out of line and the man will take you away.

"They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety."
- Ben Franklin

"If the American people ever allow private banks to control the issue of their  currency, first by inflation, then by deflation, the banks…will deprive the people of  all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)

These are difficult times and deep down I fear for our great lady and the posterity we may or may not pass to our descendants.

My apologies for hyperbole. I will concede I am crazy, but stupid I am not.

Give 'em hell.


P.S. - Please pass this along to friends/family (minus everyone's email addy) if you are so motivated.


Seer's picture

I tend to agree with your basics, but... POWER already knows the TRUTH.  We've got to quit asking them to NOT do things and tell them to get the fuck out of the way.  It is, as you offer, best to inform those around you; but, it's not to ask for some other set of fucking rulers to fuck us over, but that we don't need gods or masters, We Don't Need Them (the following is, and has been for years, the top hit on Google when searching on -> we don't need them<- WITHOUT quotes!):

NOTE: I'm also a vet, but I don't like throwing it around, as I don't think anyone should be viewed as having special status above anyone else.

tip e. canoe's picture

seer, this essay reflects a conversation i had tonight.   "there are no strings."   gotta love synchronicity.  gracias.

Crisismode's picture

Get back on your Prozac, bozo.


You are in dire need of some meds.


karzai_luver's picture


When zh is robbing me and mine and using a fascist whore of a gvt to do it then your prattle would have some use other than as a clown show.

goldsaver's picture

The day I am guilty of bilking trillions of dollars and injuring via commission or omission the lives of hundreds of millions of people, I will be the first one to give you my name. Jerk-off

tip e. canoe's picture

2:1 BOA
3:1 Cshiti
15:1 JPMoRock

Careless Whisper's picture

i would say that the first big bank to issue a press release saying that their emails are totally secure, is probably the bank with the leak.

Steaming_Wookie_Doo's picture

Even money on BofA since they are the least connected of the piggish 3 you mentioned.

As for this: "nothing short of photographic evidence of some very (in)famous bank CEOs have underage sex while filming snuff movies, dressed in drag, killing puppies and recording their market manipulation conversations"

Doesn't Barney Frank do that every week? And he STILL gets fucking elected. If Eric Holder was any dumber it'd be legal to harvest his organs.

rocker's picture

Why didn't GS get a bid on this. Not big enough ???  Surely corrupt enough and GS is now a bank !!!

Thomas's picture

Nope. GS is a crime family.

Crisismode's picture

GS is a repository for Abu Ghraib interrogators.


Provided they are Harvard grads, of course.

Seer's picture

Because GS has photos of AIG, and, as we know, QIG is a big part of the secret government (for all those who don't get this, do a googl one AIG history).

IQ 145's picture

 I'm betting on BofA. The very living definition of scum sucking back stabbing criminal corporate culture. That's a rock that can't survive any daylight under it.

Don Birnam's picture

BofA. Curb-stomped. WikiWhipped like a red-headed stepchild. Whatever the Urban Dictionary colloquialism, that entity gets my chips...