Rumsfeld's growing stake in Tamiflu

Discussion in '2005 Archive' started by poncho, Nov 1, 2005.

  1. poncho

    poncho
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    Defense Secretary, ex-chairman of flu treatment rights holder, sees portfolio value growing.
    October 31, 2005: 10:55 AM EST
    By Nelson D. Schwartz, Fortune senior writer

    NEW YORK (Fortune) - The prospect of a bird flu outbreak may be panicking people around the globe, but it's proving to be very good news for Defense Secretary Donald Rumsfeld and other politically connected investors in Gilead Sciences, the California biotech company that owns the rights to Tamiflu, the influenza remedy that's now the most-sought after drug in the world.

    SOURCE CNN MONEY
     
  2. Rocko9

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    It is so nice to know that such an outstanding Cabinet member will be able to profit from everyone elses' misfortune.
     
  3. LadyEagle

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    As if defense contract profits weren't enough...
     
  4. prophecynut

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  5. Baptist in Richmond

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    After all the contracts awarded to Halliburton, from Iraq to Louisiana, does this really surprise you?

    Regards,
    BiR
     
  6. Petrel

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    Is the implication that Rumsfeld secretly hired Chinese scientists to engineer a new avian flu as part of his diabolical plan to make billions as society burns down around his ears--rendering his billions useless, of course, but that hardly matters to an evil genius--assuming he doesn't succumb to the virus himself?

    If not, is the implication that Rumsfeld is wicked because he invests in the stock market? Is there something sinister about investing in Gilead Sciences?

    This whole thread seems pointless to me.
     
  7. Bunyon

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    Exactly, Petrel, this seems to be a unthinking condemnation. What is wrong with being a good investor?
     
  8. hillclimber

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    I agree with you last 2 posters. What's wrong with making good investments? As a Christian he is supposed to invest God's money wisely.
     
  9. LadyEagle

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  10. Petrel

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    I don't know anything about the state of Mr. Rumsfeld's soul. However, I'm pretty sure that it is irrelevant to the question of whether its appropriate to slam someone for being fortunate enough to invest in a company that's showing increasing profits. Unless you can prove that Rumsfeld engineered avian flu for his personal benefit, all of the criticisms in this thread are groundless. If you read the article Rumsfeld has decided to hold onto the stock rather than selling it so that it won't give the appearance that he is profiting off some prior knowledge of avian flu that is not available to the rest of us. Since most wealthy people hand their money over to others to invest in portfolios for them, my suspicion is that the stock in Gilead Sciences was bought prior to this whole concern over avian flu and that Rumsfeld did not even know he owned the stock until recently.
     
  11. Johnv

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    Oh, c'mon. I myself have biotech stocks as part of my retirement portfolio, as I do oil, tech, and and commodity stocks. Most people who have a 401k or IRA have at least some. Which means that no matter aht happens, we're all gonna profit from one thing or another.

    I think it's a bit idiotic to force our politicians to refrain from any topic represented in their portfolio. None of them wold ever say anything. Oh wait, maybe that's not so bad after all.
     
  12. Johnv

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    That same commentary implies that Charleton Heston isn't a Christian. I met the man some twelve years ago, and heard a brief testimony of his faith in Christ.

    Still, what that link has to do with the OP is beyond me.
     
  13. hillclimber

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    That's the first I've ever heard of that. I read a prayer he gave some time ago and I was sure that it was from a believer.
     

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