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Anorak | Wikileaks Fight With Bank Of America Is One It Can Only Lose

Wikileaks Fight With Bank Of America Is One It Can Only Lose

by | 18th, December 2010

WIKILEAKS is now persona non grata at Bank of America Corp. This might be a badge of honour given the reputation of banks. But it can only damage Wikileaks’s ability to raise funds.

Says BOA:

“This decision is based upon our reasonable belief that WikiLeaks may be engaged in activities that are, among other things, inconsistent with our internal policies for processing payments.”

Of course, there will no small irony in any bank refusing a client on the strength of their moral compass. But, still, odd behaviour and inconsistency is rife on all sides. Michael Moore bought into the Wikileaks story and then in a matter of days managed to reveal just how flawed the US cable leaks are. Julian Assange was reluctant to reveal his home address.

Wikileaks responds to the BOA move with this doomed piece of polemic:

“We ask that all people who love freedom close out their accounts at Bank of America.”

Egads! Now Wikileaks is asking people to join its cause with their cash. Will they? We think not. Closing a bank account is never easy. It’s a lot harder than clicking a button to create a denial of service.

And then what bank do you put your withdrawn cash with? Julian Assange says Wikileaks is to reveal cables that show banks have engaged in “unethical practices“. Bit late there, Julian. The whole banking system is a basket case that was saved by the State. Had Wikileaks leaked the fact that Lehman Brothers was doomed, shown us some paper proof, it would have been a sensation. But to tell us that banks are unethical now is to state the obvious.

Of course, the best bit about Wikileaks is that if it can prosper it might get the goods in the future and prevent a repeat of Enron, or a hunt for WMD, or prove that the vote in Iran is rigged.

But for now, Assange says:

“At the moment, for example, we are sitting on 5GB from Bank of America, one of the executive’s hard drives. Now how do we present that? It’s a difficult problem.”

Is it? Isn’t it all about transparency and just getting the goods out there for us to decipher and journalists who can be bothered to investigate?

Wikileaks is a great site that is being sold short by an anti-American agenda.

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Posted: 18th, December 2010 | In: Key Posts, Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink