Replies to post #257151 on Mr Cooper Group Inc (COOP)

[Royal Dude]

This is incredible news. Any one know a bank large enough with skeletens in their closet. :>>IMO

[wamuvoodoo]

here it is from viva vegas .. VivaLasVegas
Monday, November 29, 2010 6:01:25 PM

WiKi Leaks next target is going to be on a BIG US Bank. They won't say which one but I could guess... LOL

Cheers
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http://www.zerohedge.com/article/wikileaks-next-target-big-us-bank


Wikileaks Next Target: "A Big US Bank"
Submitted by Tyler Durden on 11/29/2010 17:54 -0500

Corruption Enron Iraq Market Manipulation

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 Ripn 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... File Msg | Remove Msg | *Private* Reply

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[ETO-Castle]

Nah, they wont leak about financial theivery....they will only leak it if it can get someone killed and endanger our national security

[scanc2211]

If I'm correct, GS and JPM are the biggest banks in the US. Assange replied to the question, "is it the biggest bank?" with no comment. He also said, in the interview, that the information could "bring down a bank or two". Well, I don't think it is GS because he mentions their name in the intervew:

But there are also industries that just have more secrecy, so you must know there are things you want that you haven’t gotten.

That’s right. Within the intelligence industry is one example. They have a higher level of secrecy. And that’s also true of the banking industry.

Other industries that are extremely well paid, say Goldman Sachs, might have higher incentives not to lose their jobs.

So it’s only the obvious things that we want: Things concerning intelligence and war, and mass financial fraud. Because they affect so many people so severely.

Assange would not have been secretive about who the leak is about, then use their name later in the interview (IMO). I think it is likely this has to do with JPM.

[Civil War General]

Wikileaks? Hence the race for confirmation of the Plan of Reorganization complete with bulletproof liability waivers for all the guilty parties. Who but the guilty even needs or considers that they might need a liability waiver? Maybe it is just prudent legal standard procedure, but to require it if you want to be able to trade your stock? CrOoKeD.

[livefree_ordie]

No leaks about the leaks. eom.

[jascha]

This will probably divulge the culprits of the entire 'banking crisis' in general. EOM.

[uzualsuzpect]

OMFG!!!! I go out for a little bit and come back to EVEN better NEWS!!!!!

[tularay]

Julian Assange said "There’s an overlap between corporate and government leaks."

My bet it has to do with Goldman Sach's being in cahoots with the Fed and how they got money from them even though they helped cause the 2008 mortgage crisis via short selling of the same crappy Collateralized Debt Obligation derivative instruments they sold to Wall Street. What the hell else could it be?

In other words nothing new here people, except what should have already been revealed during that circus Senate investigation into Goldman Sachs but never was because they were just made to pay the pittance of the $500 Million fine and nobody went to jail. Hopefully though some juicy WAMU stuff will rear its head! ;-)