He claims to have secret documents, emails, and correspondence that will incriminate wrongdoing (and most likely illegal activity) of three of the five largest banks in the USA. One known to be in the spotlight is Bank of America. Supposedly they have 5 years of data, reports, and emails, etc taken from an executive's hard drive during a computer change out.
From what I am hearing here in NC (home of BOFA headquarters), no one is denying this. The big concern is the manner in which they acted throughout the bailout (pre, during, and after). I honestly, as a citizen and taxpayer who handed the banks Billions, would rather see this than any diplomatic cables or secret military matters.