According to the publication Domain Name Wire, Bank of America (BofA) is buying up hundreds of domain names such as BankofAmericaSucks.com and BrianMoynihanBlows.com. The megabank is prepping for the possible release of damaging information from Wikileaks founder Julian Assange. Assange is promising to unleash a cache of secret documents from the hard drive of a big bank executive. In 2009, he told Computer World that the bank was Bank of America. In 2010, he told Forbes it was significant enough to “take down a bank or two.” The New York Times recently reported that BofA is now moving into high gear on damage and spin control tasking dozens of people to a Wikileaks "war room." BofA is already under the gun, defending itself from multiple lawsuits demanding that the bank buy back billions worth of toxic mortgages it peddled to investors. The firm is also at the heart of the robo-signing scandal, having wrongfully kicked many American families to the curb. Assange may have more information on the controversial merger of BofA and Merrill Lynch, which spawned fraud charges. Or he may have more dirt on BofA subsidiary Countrywide. Countrywide's Angelo Mozilo has been the subject of insider-trading charges. Stay tuned and learn more about these scandals in our Sourcewatch profile of America's largest bank.
Posted by Mary Bottari on January 05, 2011