Tuesday, April 07, 2009

Major Banks Accidently Smuggle WMD Materials!

h/t Market Ticker

See the following:

Iranian nuke plot vaporized in the city: NY banks unwittingly aided in material transfers, says DA

and

Chinese financier Le Fang Wei indicted in plot to send nuclear materials to Iran

Just to summarize, the following banks, , Citibank, JPMorgan Chase, Wachovia Bank/Wells Fargo, Bank of America and Standard Charter Bank and Lloyd's of London, accidentally smuggled the following to Iran:

* 33,000 pounds of a specialized aluminum alloy used almost exclusively in long-range missile production.
* 66,000 pounds of tungsten copper plate, which is used in missile guidance systems.
* 53,900 pounds of maraging steel rods, a superhard metal used in uranium enrichment and to make the casings for nuclear bombs.

Now, I didn't realize that these corporations doubled as shipping companies. I wonder what else they ship, and to whom? Is there a 1-800 number, a drug warlord can call to get a few thousand pounds of heroin moved? Will a friendly voice from India walk you through the process with a smile in her voice?

4 Comments:

At 6:40 AM, Blogger Weaseldog said...

Now this could be a case where financial documents relating to these transactions went through the banks, but the articles aren't clear.

Karl Denninger seems to think that they shipped the actual materials as Level 3 Assets.

 
At 4:04 PM, Blogger an average patriot said...

Damn it my comment didn't take. How the hell have they been doing that? That is almost funny with the governments stance. We have been aiding them damn. I guess Iran has been having a good laugh. I am sure looking at the names they will not be held accountable!

 
At 8:37 AM, Blogger edgar said...

unwittingly myass. don't ask don't tell, look the other way more like. when we are all killed the banks will be behind it.

 
At 8:38 AM, Blogger edgar said...

Hi Wease!

 

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