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Toxic Asset Datapoint Of The Day Lehman Edition

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by Mark Stein
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Apr 14 2009 10:01am EDT

Toxic Asset Datapoint of the Day, Lehman Edition

We knew there was a lot of nuclear waste on Lehman’s balance sheet. But we didn’t know that was literally true:

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.

At least uranium can in theory be used as a force for good, in nuclear power stations. Which is more than can be said for CDO-squareds.

(Via Wiesenthal)

Reprinted from Reuters.com

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