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eric pebble

From Uranium To Contemporary Art: Lehman's Assets Are Sold Off

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From uranium to contemporary art: Lehman's assets are sold off

"At the time of its collapse with $613bn in debts, Lehman had a vast array of investments ranging from an interest in a luxurious Miami apartment block, Canyon Ranch, to a fleet of corporate jets and millions of dollars worth of contemporary artwork, which once adorned the walls of the bank's executive suite.

Liquidators even discovered that Lehman was sitting on a stockpile of enough mined uranium "yellowcake", which, if enriched, could power a nuclear reactor or, notionally, make a bomb."

Those guys were just SO arrogant........

Read all here: http://www.guardian.co.uk/business/2009/se...assets-sold-off

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Liquidators even discovered that Lehman was sitting on a stockpile of enough mined uranium "yellowcake", which, if enriched, could power a nuclear reactor or, notionally, make a bomb."

Sadly, they didn't have time to put their re-capitalisation plan into effect.

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