Why Is Bank Of America Not Good Enough For Two Titans? (BAC)

Both Warren Buffett and John Paulson sold large stakes in Bank of America (NYSE: BAC).

The question remains why?

There were rumors yesterday that the information Wikieleaks has on Bank of America may have influenced Buffett and Paulson's decisions to get rid of some of his shares in the country's largest bank. These are just rumors at this point, and may not have much merit, considering that Julian Assange himself doesn't even know what the documents might mean.

Assange said that the documents he had in his possession and contained "some flagrant violations, unethical practices" and added that it could "take down a bank or two."

On 60 Minutes last month, Assange said, "There'll be a process of elimination if we denied some and admitted others... I think it's great. We have all these banks squirming, thinking maybe it's them."

It's an interesting rumor to say the least, and while I don't give it much credit, you never know.