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Re: cattoes post# 4802

Saturday, 09/08/2007 12:48:53 PM

Saturday, September 08, 2007 12:48:53 PM

Post# of 12660
are you trying to suggest that if Provenge would have received FDA approval, the sub-prime crisis wouldn't have occurred?????

sorry, but that is too conspiracist for even me. while i do think the FDA's Provenge decision was influenced by big money, and that there is widespread corruption in the financial markets (SEC & Reg SHO, hedge funds, etc.) i don't think there is any correlation between these two events.

biotechs in general probably would have rallied on Provenge approval and a hedge fund or two short DNDN might have blown up (if they weren't allowed to continue short selling counterfeit shares) but there is absolutely no way imo that the CR for Provenge contributed to or was caused by the unravelling of predatory lending of unsustainable mortgages.

no doubt there are some large predators out there who deliberately set things up for a fall so they can swoop in afterwards and gain control at a huge discount, but imo they aren't anywhere near big enough (yet) to control or even influence macroeconomic factors, though i do think if they were big enough, they wouldn't think twice.

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