April 14, 2009

Toxic assets

Lehman Sits on Bomb of Uranium Cake as Prices Slump.

Money quote: "A lot of the funds playing this market have blown up."

Posted by Daniel Radosh


“We plan on gradually selling this material over the next two years,” he said. “We are not dumping this on the market and have no fire-sale mentality.”

That's a relief. I would hate for it to get all played-out, like Beanie Babies or plutonium.

Way off-topic, Dan, but ... seems like something called a tweenbot really should be in your domain ...

Let them eat cake.

They're just fission for an offer.

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