Almost two months ago, WikiLeaks founder Julian Assange said that he had information on Bank of America that was so damning it could "take the company down." At the time, some wondered what Assanage could possibly reveal that would embarrass the bank more than it had already embarrassed itself but figured, hey, he's gotta have something otherwise why the big sell? So where's he been with it? Stalling for time and riding high on the build up. Perhaps realizing the jig was up, Assange has now told people he doesn't actually know if the information he's got on BAC is in anyway scandalous or even newsworthy.
Assange has said privately he does not know if his cache of internal Bank of America (BAC.N) data, whose public release he has suggested might be imminent, contains any big news or scandal, according to three people familiar with the WikiLeaks leader's private discussions about the material.
They said that Assange said it consists of e-mails from the hard-drive of a Bank of America executive's computer and that the latest messages are dated sometime in 2006.
The sources said that Assange privately acknowledged the material was not self-explanatory and that he personally was unable to make much sense of it. Assange indicated it would require a substantial amount of effort by financial experts to determine whether any of the material was newsworthy, according to the sources.