Bank of America maths
Bank of America maths

The Wikileaks Bank of America saga is taking an interesting turn:

Bank of America Wants You to Know Its Executives Don’t Suck: As Bank of American awaits a possible release of information from WikiLeaks, it wants to ensure that you don’t think its executives suck. Or blow for that matter. The company has been aggressively registering domain names including its Board of Directors’ and senior executives’ names followed by “sucks” and “blows”.For example, the company registered a number of domains for CEO Brian Moynihan: BrianMoynihanBlows.com, BrianMoynihanSucks.com, BrianTMoynihanBlows.com, and BrianTMoynihanSucks.com. Just to be sure, it also picked up the .net version of these names and some .orgs as well.

I count hundreds of such domain name registrations on December 17 alone.

To which Cory Doctorow points out:

B of A snaps up $EXECNAMEsucks domains prior to Wikileaks blowout: In a stunning tribute to the financial acumen of BofA’s C-suite, they seem to have missed the fact that total combinations of $FIRSTNAME/INITIAL + $LASTNAME + [blows|sucks|crook|thief|fraudster].[com|net|org|ws|info|cc|ca|ch|whatever] multiplied by, say, $5/domain/year exceeds the total capital reserves of the bank.

If Bank of America manages to avoid bankruptcy through domain name registration fees they could face other problems:

BAC’s Troubles Might Not Be Wiki-Related: But the real problem facing the banks may not be Wikileaks… the list of acts that for anyone other than a bankster would have led to criminal prosecution, whether it be allegations of bid-rigging, illegal wire transfers to prohibited nations such as Iran, money laundering for drug cartels in Mexico, perjured documents or simple breaking and entering, gets added to by the day… It is unfortunately axiomatic that eventually the people will have had enough if this continues, and when they do, I’m not interested in being anywhere near what comes next – it’s not going to be pretty and it certainly won’t be lawful. But until that day arrives it appears that there is nothing a bank can do that will draw a criminal indictment from our so-called “law enforcement” apparatus.

and

This past week’s appointment of Ohio Attorney General Richard Cordray, who lost his re-election bid last month, as the CFPB’s (Consumer Financial Protection Bureau) head of “enforcement” tells me that the CFPB is going to be very bank-unfriendly.

Given Cordray’s previous dealings with Bank of America the CFPB could be worth watching after all.



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