Yes Lab
Dow Jones posts fake release for two hours; bank gets fake website blacklisted, briefly
Contact: bofa@yeslab.org
Bank of America executives, investors, and opponents alike reacted with surprise to yesterday's news—posted for two hours on Dow Jones Newswire and elsewhere—that the mammoth financial institution, realizing it was heading for a taxpayer bailout, was asking Americans to start thinking about what they'll do with the bank once they own it, and to start advertising that vision too.
The news, of course, was a hoax.
The fake YourBofA.com website was quickly, but temporarily, blacklisted by Google as a potential "phishing scam," despite the site containing no forms, spyware, or other characteristics of a site engaging in phishing. Firefox and Google Chrome users who tried to load YourBofA.com were warned that the site may be "dangerous," while some individuals with Gmail accounts reported that emails containing the URL were bounced back or not delivered. An investigation by Raw Story concluded that "It's likely that Bank of America reported the site to Google as a phishing scam." Shortly after the article's publication—and with the help of thousands of volunteers complaining to Google—the website was taken off the blacklist.
Today's reports of slumping profits make the fake site all the more timely. "This site is a forum for people to imagine what they could do with this bank," said Jane O'Heely of the Yes Lab, one of the site's creators. "The ideas we've gotten already show we all know as much as bankers about how a bank ought to be run—and actually, a good deal more."
Contact: bofa@yeslab.org
Bank of America executives, investors, and opponents alike reacted with surprise to yesterday's news—posted for two hours on Dow Jones Newswire and elsewhere—that the mammoth financial institution, realizing it was heading for a taxpayer bailout, was asking Americans to start thinking about what they'll do with the bank once they own it, and to start advertising that vision too.
The news, of course, was a hoax.
The fake YourBofA.com website was quickly, but temporarily, blacklisted by Google as a potential "phishing scam," despite the site containing no forms, spyware, or other characteristics of a site engaging in phishing. Firefox and Google Chrome users who tried to load YourBofA.com were warned that the site may be "dangerous," while some individuals with Gmail accounts reported that emails containing the URL were bounced back or not delivered. An investigation by Raw Story concluded that "It's likely that Bank of America reported the site to Google as a phishing scam." Shortly after the article's publication—and with the help of thousands of volunteers complaining to Google—the website was taken off the blacklist.
Today's reports of slumping profits make the fake site all the more timely. "This site is a forum for people to imagine what they could do with this bank," said Jane O'Heely of the Yes Lab, one of the site's creators. "The ideas we've gotten already show we all know as much as bankers about how a bank ought to be run—and actually, a good deal more."
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