In a leaked memo, Bank of America CEO Brian Moynihan concludes the obvious answer to WikiLeaks' impending release of damaging emails is to foreclose on WikiLeaks' founder's Jullian Assange's home. Assange, an Australian citizen, owns a 2br apartment in England's dodgy district. Moynihan's anger is palpable in the memo as he rails against fellow executives for suggesting that foreclosing on a property BOA does not own may present legal obstacles in the future. Moynihan chastises Chief Risk Officer Paul Morrison saying "Don't be such a [expletive] we accidentally foreclose on people's houses all the time. There's no reason we can't later claim this [expletive]'s apartment was a clerical error." Moynihan's abuse of Morrison continues in a later email in which he chides:
"Is it [foreclosing on Assange's house] against the law? Well so is leaking our illegal activities. BOA standard operating procedure is to foreclose first and then determine mortgage holder / originator post foreclosure."
Inside sources say the attempt is part of BOA's ongoing attempt to bury Assange in legal paperwork, and provide the media ample scandal fodder related to Assange's personal finances. BOA continues to reel from scandal after scandal since Moynihan was appointed leading many to question his leadership ability. Moynihan's well documented hubris is often cited as his greatest weakness. Recall that Moynihan, in a show of support for ex-CEO Ken Lewis famously compared the CEO to the President of the United States concluding: "the President is bound by rule of law and doesn't have the power to create money or take away someone's lawfully acquired house; that great power is reserved for the CEO of today's greatest company the Bank of America."
To date the US DOJ has refused to comment on the activities implied in the email citing an on going investigation. Many pundits have speculated that the DOJ lacks jurisdiction since no crime was committed. Republican House Speaker John Bohner told CBS's Katie Couric "the USA PATRIOT ACT gives BOA full authority to foreclose on any known terrorist and that is exactly what Assange is- there is zero difference between Assange and Osama bin Laden" adding "freedom doesn't mean airing everyone else's dirty laundry"
The leaked memo comes on news that BOA plans to attack wikileaks by submitting false information and calling wikileaks out on the false information. Their brilliant strategy shows a clear lack of understanding of wikileak's vetting process; however, not reading documents thoroughly and failing to understand basic concepts are par for the course with BOAs leadership team.