Monday, November 29, 2010

What a Day for WikiLeaks

Wow. What can I say its been one hell of a day as far as what was released by WikiLeaks! Releasing thousands of classified documents out into the wild. The United States State Department must be running around trying to put out fires left and right.

But can you blame WikiLeaks? I mean the United States Government really tried to put the squeeze on this guy. After trumping up Paedophile charges against him, did they really think he was going to turn around and hand them the documents? I mean after that the damage to his reputation is kind of already done... You dont recover from that. Clearly this is a case of a mishandled situation.

Now Julian Assange has told Forbes that he has emails and documents about the banks. Could get interesting. Some of the stuff that has come out of the US documents was fascinating, so you can only imagine the look were going to get at the inner workings of the banking world. “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,” Assange told Andy Greenburg of Forbes

It has always seemed to me both prior to the banking bailout, and after that the banks were trying to pull some kind of trick. Im not sure how they managed to get away with having almost free money handed to them (almost 0% interest from the Federal Reserve) and yet are being stricter on lending to individuals and small businesses.

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