Banking on silence

w1z4rd

w1z4rd

Karmic Sangoma
Joined
Jan 17, 2005
Messages
52,146
Reaction score
8,340
Location
127.0.0.1
Banking on silence

According to Cape Town radio, the South African government has
decided to drop its criminal investigation against Wikileaks for
"uncensoring" a 590 page December report on South Africa's banking
cartel. The radio, Cape Talk, aired an interview with Phillip
Alves, an analyst at South Africa's Competition Commission.

The move comes after Wikileaks stated that it would consider
prosecuting the Commission under the Swedish Press Freedom Act,
which protects the rights of anonymous sources.

An excellent review of the affair, which consumer activists the
the world over may learn from, is in today's Financial Mail:

http://wikileaks.org/wiki/Bank_Fees:_Banking_on_silence

This news can be published here and is free for myadsl to use:
| Why you receive this mail and what to do with it:
|
| You are receiving this mail because you were invited to
| the Wikileaks Press Release list run by the transparency group Sunshine Press.
|
| Releases ensure you are aware, before the rest of the world,
| of significant geopolitical and other disclosures released
| by Wikileaks, an international platform for the first release of
| of classified, confidential or censored materials of political,
| diplomatic, ethical or historical interest.
|
| We rely on you to distribute the content of this mail to your
| community, industry, press and regulators, to defend us in your
| country and to invite people of integrity and commitment via
| via https://lists.riseup.net/www/subscribe/wl-press
 
I reckon the first time anonymous poster could very well have been a frustrated Competition Commission employee. Kudos to the leaker and I'm glad the CC has decided not to continue schitting on other people's doorsteps now. They should look a bit closer to home imo if they really want to nail the leaker, or rather just re-evaluate what appears to be a lethargic recruitment process. I particularly enjoyed reading this part:

Wikileaks said if SA investigators tried to expose the source of the leak, they could face "criminal sanctions for spying on journalist-source communications [under Sweden's Press Freedom Act]".
Click to expand...
 
One of the four fundamental laws of the Swedish constitution is the Tryckfrihetsförordningen, or Press Freedom Act. Under Chapter 3, the Right to Anonymity, not only do investigators face criminal penalties for spying on journalist-source communications, including stored communications. It does not matter where such spying takes place; that the information is a journalist-source communication bound for an organization covered by the Press Freedom Act is sufficient.
Click to expand...

It is quite simple. Mess with a source of Wikileaks and Wikileaks will mess with you. Glad someone at the CC realized they were fighting a losing battle.
 
Spot the Bertie Bullsheeter:

Nedbank CEO Tom Boardman says it would be wrong to allow the reading of the report. "I'd love to know what it costs the other banks to process a transaction, for example. But our position is that it's not appropriate to read confidential details like that in a leaked report
Click to expand...
Im sure you didnt dude. I smell lie on this from a mile away. EVERYONE looked.
 
WooHooo! Common Sense wins the day! ;)

/methinks the CC realised how it cucked up in the first place ... and would only bring egg on its own face to pursue it further! :D
 
I think they'd decided not to pursue it further - as pursuing it further will only open a can of worms. So, best to back off and let it die a quiet death.
 
Nedbank CEO Tom Boardman says it would be wrong to allow the reading of the report. "I'd love to know what it costs the other banks to process a transaction, for example. But our position is that it's not appropriate to read confidential details like that in a leaked report."
Click to expand...
I get a shiver down my spine when someone uses "not appropriate" in that sense. It's like they couldn't find a stronger reason, but don't want to admit it.
 
Cabal, means a group of person working together. ie a banking cabal, fixing interest rates and know each others fee structures. All it takes is one fax from CEO of bank A to CEO of Bank S. 30 seconds and who can tell?
 
ld13 said:
It is quite simple. Mess with a source of Wikileaks and Wikileaks will mess with you. Glad someone at the CC realized they were fighting a losing battle.
Click to expand...

It depends how powerful you are. If you're one of a select group of governments you could take down anything on Wikileaks, if you're the
SA government, you're sunk.
 
LOL - the only time justice prevails in this country is using another countries law :p
 
PeterCH said:
It depends how powerful you are. If you're one of a select group of governments you could take down anything on Wikileaks, if you're the
SA government, you're sunk.
Click to expand...

Can you name any document that has ever been taken down from Wikileaks by request of one of these select group of governments?
 
Sweden connects the whole of europe and the world together. The Telia servers are the biggest in the word.

No way that they would get forced to do anything by a crappy third world organisation like ours. Their media probably haven't even written a back page news article about what happened with wiki leaks. Its just sensational news in south africa.
 
Balstrome said:
Cabal, means a group of person working together. ie a banking cabal, fixing interest rates and know each others fee structures. All it takes is one fax from CEO of bank A to CEO of Bank S. 30 seconds and who can tell?
Click to expand...

In the business world they call it a 'cartel'.

CEOs don't fax things. CEOs get paid to fly around in helicopters. Faxing is for secretaries and middle management.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X