The Coming Leak

Megan pre-spins news that Wikileaks is going to target a big bank next:

It is, of course, not impossible that someone innocent managed to stumble onto an explosive treasure trove of evidence.  But I'd say it's at least as likely that the documents reveal little in the way of malfeasance, and a great deal of bankers saying things that sound bad: making fun of customers and other bankers, whining about regulators, and so forth.  In other words, much like the diplomatic cables, a bunch of stuff that is embarrassing, but doesn't actually tell us much of anything that we desperately need to know.