7/5/2011 Tonight's Comedy Hour Punchline: Japan To Stress Test Nuclear Plants

Source: ZeroHedge
Date: 07/05/2011 20:51 -0400
by: Tyler Durden

Just when one thinks news can't get any more... what's the right word here... here it comes. Per Reuters, Japan has decided to justify the credibility of its nukes, by, get this, performing stress tests. "Japan's trade minister Banri Kaieda said the government would conduct stress tests on all nuclear power reactors in Japan, Jiji news agency reported on Wednesday. The minister also said he would ensure there were no problems with power supplies, Jiji reported." Where does one start here: that the ECB is not the one conducting the tests - after all who has more expertise with stress tests... Or that the tests come after the biggest nuclear catastrophe since Chernobyl: after all what's the downside - one more Fukushima and Japan would convert into the Prypiat level from Call of Duty... Or that the tests will just accidentally forget to test for such 60 sigma events as earthquakes or tsunamis... Or that the announcement comes a day after the Japanese reconstruction minister quit after a week on the job... Or that the ECB will announce it will accept Japan's nukes as collateral until at least 10 major networks show footage of a mushroom cloud.... Or that ISDA will shortly determine that another nuclear explosion is not really a nuclear explosion and that all CDS against nuclear explosions will be null and void as soon as there is an actual explosion... Or that Tim Geithner is currently in Tokyo explaining there is nothing more credible than a stress tested nuke... Or that Basel VIIIXLC will find a NPP safe if its ratio of gamma to alpha radiation is more than 1 megaroentgen, promptly followed by Jamie Dimon bitching to BOJ president Shirakawa that 1 megaroentgen is too much to demand from Fukushima Street.... And it continues. Etc. Etc. Etc.