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Will Wikileaks Expose Bank Of America

|Includes: Bank of America Corporation (BAC), GS, JPM

This is a speculation from me but if stock action yesterday is any indicator of which US bank will get exposed in 2011 for doing dirty things – that could drive this US bank into bankruptcy once this documents are published…

…then we have not 1 but actually 3 top US banks as candidates for a bankruptcy maybe already in 2011.

Candidates are…

 

Bank Of America, Goldman Sachs and JP Morgan Chase.

Looking at the following image of yesterday’s action in stock market,

No.1 candidate to get exposed by stock traders is Bank Of America (ticker symbol BAC).

Now, if traders have correct info or not is something I don’t know – hence why this is speculation from my side.

This is why I dig a bit further to get to one more interesting info, which is actually what Wikileaks co-founder Julian Assange said in an interview in 2009

“At the moment, for example, we are sitting on 5GB from Bank of America, one of the executive’s hard drives,” he said.

If this speculation is right or not, time will soon tell.


Source: AgAuPM.com




Disclosure: No position in any of mentioned stocks.