December 1, 2010 • 5:20 pm
As many know, I have it in for BoA…on so many levels. Even today the vultures were circling the corpse (our foreclosed house) scouting it out for “investment” possibilities. One of these jackasses looking at the house actually told me that they “had one of their investment properties foreclosed on in Florida.” What the fuck is that about? They got foreclosed on and yet they are looking to buy our old house for an investment. (How can they do this?) I know, it was probably their LLC or other sort of “company” that was foreclosed on, but this really pisses me off.
So in the spirit of sticking it to the BoA Bastards, I was thrilled to find out h/t Sky Dancing, that Bank of America is on Wikileaks hit list. Today the stock lost 3% of its value. Ha Ha…
This is a bit from BNET The CBS Interactive Business Network:
Bank of America is right to fear Wikileaks. Any company that loses 3% of its stock value on a rumor is in a pretty vulnerable place. I have no particular insight or knowledge to challenge or support the rumors that Wikileaks’ next target is this bank, and rumors are hardly a new phenomenon. But what interests me-and should concern every company-is the fatal corporate flaw that makes Wikileaks so powerful. Most companies worldwide have skeletons in their closets that they hope no one will ever see – including themselves. That they’d prefer to look away is institutionalized willful blindness, and it’s reaching epidemic proportions.
A Bad Habit in Corporations
Willful blindness started life as a legal concept; it holds that when there are things you could know and should know, but manage not to know, you’re still responsible. The idea was central to the conviction of Jeff Skilling and Ken Lay in the Enron trial. But it’s more than just a legal idea: it’s the bad habit that lies at the heart of far too many businesses.
So I hope that this new possibility, that BoA will get theirs, comes to fruition. However with this recent news that Amazon has dumped Wikileaks…I don’t know. Sounds like the money men are making the move.
Filed under: What is this crap?, Bank of America, BoA Bastards, Wikileaks