Wiki Cables Were Chaff; Target BOA; Is MERS On Deck?

I was right, the US diplomatic cables were timed to the Forbes article — and Assange has Bank of America in his sights.

Wikileaks often runs into problems concerning how to present material and how to make it easier to sift through for vital information, said Assange.

“At the moment, for example, we are sitting on 5GB from Bank of America, one of the executive’s hard drives,” he said. “Now how do we present that? It’s a difficult problem. We could just dump it all into one giant Zip file, but we know for a fact that has limited impact. To have impact, it needs to be easy for people to dive in and search it and get something out of it.” (Emphasis mine)

Via Daily Banter. Basically, all this stuff that reads like an episode of Gossip Girl is supposed to make the Wall Street titans shake in their boots. For me, the key word to look for in any BOA doc release will be “MERS” — I am curious to see how bank executives dealt with the explosive issue of improperly held mortgage instruments. In the meantime, if I was an investor I would short-sell BOA.