Tuesday, April 14, 2009

... about Yellow Cake?

Okay, so maybe this one isn't quite as serious as most of my other posts, but this issue came up a while ago and just blew my mind.
Watch this:
http://www.youtube.com/watch?v=pGvObreAqtc

Wait... WHAT!?!

WHY DO THEY HAVE YELLOWCAKE?!?

*takes a breath, collects himself*
Okay. So there were three things that caught my attention in that little snippet:
1: That the back had the stuff at all.
2: That it got the license for it a month before going under.
3: Why they hadn't sold it.

So, giving them the benefit of the doubt, I'm sure that people in banking, especially securities, need to back up their investments and cash flow with all kinds of collateral. Investing in any material which you could then sell to get yourself out of a pinch financially. I get that...
... but Uranium?
Sure the stuff can be handy (it's used in nuclear reactors as well as weapons) and it's all over the place, making it an easily accessible resource to buy and something that could be used world wide as collateral for anyone with nuclear reactors...
... or an in the works nuclear weapons program.
I just wonder what these guy were thinking.
"Well it looks like we're going under, but I know what will save us!" says one banker to another, "Let's invest in Uranium!'
Didn't someone at the table look at this guy like he was stoned?
Also, is it just me who thinks that, of the banks we let slip through the financial cracks, we let slip the one capable of selling nuclear materials. The only reason they haven't sold the stuff is because they're waiting for the market to make doing so more profitable.
This blows my mind. I mean what if they got desperate enough to sell them the stuff? how many enemies do we have that would love to get their hands on it? What would happen if it fell into the wrong hands?
Am I the only person who thinks this whole thing is like some kind of sad, twisted joke?

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