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Editorial See other Editorial Articles Title: Bank of America stops handling WikiLeaks payments (Read Comments below) Bank of America stops handling WikiLeaks payments Bank of America says it will stop processing transactions for WikiLeaks website ap * Companies: o Bank of America Corporation Com o Mastercard Incorporated Common Related Quotes Symbol Price Change BAC 12.57 +0.05 Chart for Bank of America Corporation Com MA 221.26 -2.23 Chart for Mastercard Incorporated Common {"s" : "bac,ma","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} On Saturday December 18, 2010, 10:00 am CHARLOTTE, N.C. (AP) -- Bank of America Corp. has joined several other financial institutions in refusing to handle payments for WikiLeaks. The Charlotte-based bank released a statement saying it will no longer process any transactions that it believes are intended for the site, which has released thousands of secret U.S. diplomatic cables. "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," the bank said. The action comes as WikiLeaks says it plans to release information about banks. The site's founder has previously said it has a trove of documents on Bank of America. Other financial institutions, including MasterCard Inc. and PayPal Inc., have also stopped handling payments for WikiLeaks, moves which hurt the site's ability to accept donations and support publishing efforts. The websites of some companies that have cut ties with WikiLeaks have come under cyber attack in recent weeks by hackers who support its mission. Reached by phone, Bank of America spokesman Scott Silvestri declined further comment to The Associated Press on Saturday. WikiLeaks responded to Bank of America's announcement with a Twitter message urging supporters to stop doing business with the bank. "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. In an interview with CNBC on Friday, WikiLeaks founder Julian Assange said his organization has plans to soon release information about banks, and he told Forbes magazine last month that the data would show "unethical practices." Assange told Computerworld magazine in 2009 that his organization had a trove of files on Bank of America. "At the moment, for example, we are sitting on 5GB from Bank of America, one of the executive's hard drives. Now how do we present that? It's a difficult problem," he was quoted as telling the magazine. Follow Yahoo! Finance on Twitter; become a fan on Facebook. Related Headlines * Bank of America stops handling WikiLeaks payments - AP * Two States Sue Bank of America Over Mortgages - at New York Times * Bank of America says cuts off WikiLeaks - at Reuters * Bank of America Sued by Arizona, Nevada Over Loan Modifications - at Bloomberg * The Vault Line: It's Time to Consider Bank Stocks Again - at The Wall Street Journal Related Blog Headlines * Strangely Quiet 11 Days for the Dow - at CNBC * AmEx to Buy Loyalty Partner - Zacks * Halftime: ETFs Better Bet Than Single Stocks? - at CNBC * Visa, MasterCard Attractive as Cap Proposed on Debt Fees? - at CNBC * Financials Are 'Very Cheap'-Buy Now: Pro - at CNBC Related Message Boards * Bank of America Corporation Com * Mastercard Incorporated Common 19 comments Show: Post a comment * Comments 1 - 10 of 19 * First * Prev * Next * Last * OHIGAN 0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this comment OHIGAN 1 minute ago Report Abuse Strange! They want to stop processing payments because they feel that the client is doing something "wrong", yet they feel it's "right" to start charging me $8.95 a month for my non-interest-bearing checking account because they can no longer financially rape people with all their jacked up fees of old! * A Yahoo! User 4 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 1 users disliked this comment A Yahoo! User 4 minutes ago Report Abuse Any idiot knows the reason BofA is not dealing with WIKI Leaks is because OUR HERO Julian Assange is getting ready to leak information on them and expose them for the CROOKS that they are! GO JULIAN!!!!!!! * Victor 3 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 1 users disliked this comment Victor 4 minutes ago Report Abuse if you think that you have democracy and freedom --THINK AGAIN!!!! * VT 1 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this comment VT 4 minutes ago Report Abuse The worse Bank of America won't be worsen with WikiLeaks doc. release. They are already rotten. * S.C. 7 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 1 users disliked this comment S.C. 10 minutes ago Report Abuse In response to this, people should be going to Bank of America and closing their accounts. Move their savings to another bank. If people sit back and allow this kind of garbage to go on, censoring and isolating organizations which pursue the truth, than we are very quickly going to lose the ability to know what our governments are doing, and anyone who tries to find the truth will find themselves similarly harassed and isolated. * Jacob 3 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 2 users disliked this comment Jacob 12 minutes ago Report Abuse where does Bank of America Find this is Legal? ok... so Bank Of America gets to Dictate where Americans can spend their money? ... this should be alarming... withdraw your money from this bank.. abandon ship! this is not America. * Jacob 0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 2 users disliked this comment Jacob 14 minutes ago Report Abuse They have not even been charged with anything...@#$%? with out wikileaks we would have never known that the US contractors pimp out afghan children.. I am Mad as hell! * A Yahoo! User 3 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 1 users disliked this comment A Yahoo! User 15 minutes ago Report Abuse Makes BAC look even worse.If that's possible. * JO 4 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 2 users disliked this comment JO 15 minutes ago Report Abuse God, I need a hundred thousand so I can get the heck out of this sick country. My tolerance for the deceit and abuse of power has long been worn out. * A Yahoo! User 3 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 2 users disliked this comment A Yahoo! User 16 minutes ago Report Abuse It would impress me more if BoA (and Wachovia) would quit assisting the drug cartels.
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