Monday, December 20, 2010

WikiLeaks v. Bank of America: The cat fight continues

Posted By on Mon, Dec 20, 2010 at 3:01 PM

click to enlarge WikiLeaks BofA Twitter

In late November, the news was WikiLeaks' next target is Bank of America ... even though Julian Assange, WikiLeaks' controversial leader, only said a big bank was in his cross hairs, not specifically BofA. So far, those leaks haven't happened and the bank shrugged.

Now, the news is the bank has joined other financial institutions in an attempt to shut down WikiLeaks' income stream. Immediately following that news, WikiLeaks posted a couple updates on Twitter encouraging their followers to close their accounts with Charlotte's big bank. Meow.

From The New York Times:

In a sign of the increasing tensions between WikiLeaks and the corporate world, Bank of America has said it will no longer help process payments for the organization, which released a huge cache of secret State Department cables in late November and has threatened to “take down” a major United States bank with another data dump.

“Bank of America joins in the actions previously announced by MasterCard, PayPal, Visa Europe and others and will not process transactions of any type that we have reason to believe are intended for WikiLeaks,” the bank said in a statement issued on Friday. “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.”

In a Twitter post put up soon after Bank of America’s announcement, WikiLeaks called on supporters to boycott the bank, urging that “all people who love freedom close out their accounts at Bank of America.”

Read the rest of this article, by Nelson D. Schwartz, here.

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