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.