Tuesday, April 14, 2009

Lehman Sits on Bomb of Uranium Cake as Prices Slump (Update1) - Bloomberg.com

Lehman Sits on Bomb of Uranium Cake as Prices Slump (Update1) - Bloomberg.com: "April 14 (Bloomberg) -- Lehman Brothers Holdings Inc. is sitting on enough uranium cake to make a nuclear bomb as it waits for prices of the commodity to rebound, according to traders and nuclear experts.

The bankrupt bank, in the throes of paying off creditors, acquired uranium cake “under a matured commodities contract” and plans to sell it when the market improves “to realize the best prices,” Chief Executive Officer Bryan Marsal said."

--------------
Maybe we need to invade and change that regime before they sell the yellowcake to terrorists.

1 comment:

Anonymous said...

Indeed, it's clearly in the national interest and natioanlization is in order.