Bank Of America Joins Other Institutions Refusing To Do Business With WikiLeaks

Posted by | December 18, 2010 15:38 | Filed under: Top Stories

We are seeing how a social outcast can attain pariah status as service organizations take stands against a person’s actions. After attempts to deny Julian Assange Internet service, now the banking industry is getting into the act.

Bank of America Corp. has joined several other financial institutions in refusing to handle payments for WikiLeaks, the latest blow to the secret-releasing organization’s efforts to continue operating under pressure from governments and the corporate world.

The Charlotte-based bank’s move adds to similar actions by Mastercard Inc. and PayPal Inc. Though previous moves have prompted reprisals by hackers, Bank of America’s site is as well-protected as they come, security experts say.

Bank of America issued a statement that “This decision is based upon our reasonable belief that WikiLeaks may be engaged in activities that are, among other things, inconsistent with our internal policies for processing payments.”  WikiLeaks has said it may be releasing information about the banking industry, although it’s not known if that includes Bank of America documents.

“We ask that all people who love freedom close out their accounts at Bank of America,” WikiLeaks said in its posting Saturday. It also called on businesses to switch funds from the bank.

Click here for reuse options!
Copyright 2010 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

Leave a Reply