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Re: Provenge is now profitable with almost 90% profit margin, per Valeant (EOM) Before the LEH collapse....FNM needed to off load 6 bil of toxic paper,that job went to LEH they found buyers and were rewarded a cool 75 mil in payment...now in this life you do not compete with the fed,ask lincoln or Kennedy....so long story short LEH had to go,and it went..the fed can print money......Valeant is not the fed,buying toxic assets and turning them into debt instruments. |
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