No Wonder Lehman Brothers exploded – it was sitting on Nukes!

We all know Lehman Brothers – the investment banking firm – got nuked due to toxic assets.  Figuratively speaking.. right?  WRONG!

The investment bankers were actually sitting on a stockpile of 450,000 lbs of uranium “yellow-cake”.  It could theoretically speaking, be used to power a nuclear reactor or even make a bomb.

Now, if I put the Indo-US Nuke deal into context you somehow wonder – how come an investment bank – full of idiots who run the company under a truck – gets something more easily than an entire sovereign country?  Worse the investment bankers don’t even need to ratify any treaty!  Do you see the apartheid in this field?

And just btw, the thing is worth USD 18 mn and selling it is a difficult thing right now as the price for Uranium, if you can find it and are from a “responsible” Western country, is falling.  So, even the nuclear fuel is exploding on the bank!  Can these guys get anything right?

Reference Links:

1. Lehman Brothers sitting on a stockpile of uranium ‘yellowcake’