Portland Wells Fargo ATM vandalised by WikiLeaks Supporters
A Wells Fargo drive through ATM on Hawthorne Boulevard in southeast Portland was splattered with red paint. Bank of America was also targeted with 'For WikiLeaks' written on the window. Portland, Oregon, 27/12/2010.
Supporters of Julian Assange's WikiLeaks splattered the banks with red paint just after Christmas.
Bank of America cleaned up their share of the vandalism pretty quickly, with signs left behind of red paint on the floor in front of the ATM and on a nearby bin.
According a report on Forbes by Jim Nichols on December 1st, WikiLeaks was on an imminent course of attack with Bank of America in the crosshair. The rumour alone that a 5GB hard drive from a bank executive was in Assange's possession caused stocks to drop on the last day in November by 3%.
Since the original claims by Assange regarding the targeting of corporations with “either tens or hundreds of thousands of documents” bank stocks have rebounded. Bank of America stock (BAC) has rallied 20% higher than it was after the initial scare.
J.P. Morgan Chase & Co. (JPM) has traded higher by nearly 12% with Wells Fargo & Co. (WFC) climbing higher than 17% percent since the end of November.
Currently, the top five U.S. banks are; Bank of America, JPMorgan Chase, Citibank, Wachovia and Wells Fargo.
Assange claims that the information to be released, now scheduled for 2011, will be on par with the Enron scandal, the energy trader that collapsed in 2001 taking down the Arthur Anderson accounting firm with it.
Bank of America Corp., JPMorgan Chase & Co., Citigroup Inc.’s mortgage unit, Ally Financial Inc.’s GMAC mortgage unit, OneWest Bank and Wells Fargo & Co. all face suspension of home foreclosures next month, following a recent ruling by the New Jersey state Supreme Court. All became implicated in what has been coined as the practice of “robo-signing.”
This involved the submission of and mass production of hundreds and thousands of foreclosure claims that falsely swore to personal knowledge of their contents.
Under an order by Judge Mary C. Jacobson, the companies must show "cause why the processing of uncontested residential foreclosure matters they have filed should not be suspended."
Bank of America was also sued for the foreclosure mishandling in Arizona and Nevada on December 18th. The bank has completed more than 750,000 loan modifications nationwide, including 30,000 in Arizona and 20,000 in Nevada.
In the Arizona v Bank of America, CV2010- 33580, Maricopa County Superior Court (Phoenix) case the requirement is that the bank pay as much as $25,000 for each violation and as much as $10,000 for each violation of the state’s consumer-fraud law. The bank proceeded with foreclosures at the same time as requests for modifications were pending - a direct violation of a 2009 agreement to help those facing the loss of their homes.
A Bloomberg report from December 18th suggests that "the bank provided inaccurate and deceptive reasons for denying modification requests, according to the suits [in Arizona and Nevada]."