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Financial news I consider important, with my opinion, which is worth as much as you paid for it.

Wednesday, December 1, 2010

Wikileaks to expose US bank corruption or fraud

Wikileaks released government sensitive documents on Afghanistan and Iraq wars. This was an extremely controversial step, since both wars are on-going. Documents shown that US military has been not diligent on acting on war crimes and other digressions.
In any event, at the time of the documents release, wikileaks was NOT under a cyber attack, nor was the founder sought under international arrest. The Wikileaks released documents, and life moved on.

Now the wikileaks leader has announced his group is to release documents on a large US bank. Specifically he has about 5 GB of data. It is assumed to be email data, but it has not been confirm.


I do question the legality (criminal ramifications) of leaking government classified documents about war operations during an active war, overall, I place wikileaks as a critical tool for the public to get information exposing corruption. Without a place like wikileaks, information is difficult, if not impossible, to get proper international exposure to gain traction for action.

In essence, it is freedom of expression at the core, a modern day newspapers used to serve the world public.

Thomas Jefferson said: "If I had to choose between government without newspapers, and newspapers without government, I wouldn't hesitate to choose the latter."

I agree with Thomas Jefferson, and support the concept of wikileaks.

Video from CNBC

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