WikiLeaks

After a big buildup, the hacker group Anonymous released its first batch of whistleblower emails regarding Bank of America. The result was ... confusion. Maybe they're real, maybe not. (We assume they are.) Maybe they're a letdown. Maybe not. Here's what we know and what we don't know so far.

Let's start with what we don't know: more »

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I frequently disagree with Megan McArdle, but her WikiLeaks post yesterday on struck me as simply delusional. The basic argument: megabank financiers haven’t committed any crimes, because if they had, we’d already know about it. There’s a kind of efficient-market-hypothesis ring to this, and like the efficient-market-hypothesis, it has no basis in reality. more »

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