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The money has gotten scarce but the truth is getting fierce.

"No doubt the citizens of the US, the UK and other countries whose banks have been bailed out will be delighted to see that these banks are in fact still lending very large sums and for such worth purposes as takeovers in the utility and pharmaceutical sectors"

Looks like big Pharm is making out big time. Using bailout money for takeovers. Now we know where the moneys going


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Excellent article

Roche, the pharmaceuticals group, raised $16.5 billion in the US dollar bond market as part of its funding for a $42 billion takeover of rival pharmaceutical company Geneentech. This is the biggest US dollar corporate bond deal ever.

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain