Remember this substance?
Lehman Brothers was founded in 1850. The firm managed to get through the Civil War, WWI, and WWII, the Great Depression, and the attacks of September 11, 2001. Yet after hiring Jeb Bush in late August of 2007, the firm suddenly goes belly up in a year. It also should be noted that in 2006, George H. Walker IV was also hired by Lehman Brothers.
Something’s got my radar up. I’m a bit baffled but I’m not throwing stones. I just want to know if anyone in Kos community would be able to explain how common it is for this kind of thing to be a part of an investment bank’s portfolio of assets. Or how unimportant this sort of finding would be. A headline reads something like ‘Lehman Bros. sitting on a stockpile of Uranium ‘Yellowcake.’ I’ve been searching the web for some information on this, like how did they get it? When did they get it? Timing and a timeline trail would mean everything to me, but I’d take a reasonable explanation as well.
Lehman's potentially explosive asset is a hangover from a commodities trading contract undertaken before the Wall Street bank went bust in September. The substance, yellowcake, is a solid form of mined uranium which is yet to be enriched.
Liquidators have been trying to offload the stuff for months. But the price of uranium has been dropping steadily, leaving Lehman's yellowcake languishing in a variety of secure storage facilities, some of which are in Canada.
I always wondered why Lehman fell so quickly and so hard, after over a century and a half of great success.
Here’s Paulson’s view. It was titled, ‘Paulson isn’t looking back’.
http://www.marketwatch.com/...
Pointing to a belief by some that Wall Street's meltdown could have been averted has Lehman Brothers been rescued, Paulson said it's a complete misunderstanding of the situation to look at Lehman "as a cause, rather than a symptom," of the underlying problem.
Calling the failure of Lehman both "regrettable" and "tragic," Paulson also declared, "it didn't take Lehman going down to bring in all these other companies going down."
Unlike Bear Stearns, "there were no buyers for Lehman," said Paulson, who also said the government's hands were legally tied, given the Federal Reserve and Treasury "don't have wind-down authority to deal with a non-bank."
But in the near future, other Investment firms got to become banks. I mean was there really no time or nothing to be done to save Lehman Brothers. If saving Lehman Brothers is what was wanted?
I am doing math now in my head. Probabilities to be exact, but that's all I'm doing. Can yall help me out here?
http://www.guardian.co.uk/...
http://www.americanthinker.com/...