Michael Milken, 60,000 Deaths, and the Story of Dendreon (Chapter 2 of 15)

Discussion in 'Wall St. News' started by patchie, Jun 22, 2009.

  1. patchie


    Michael Milken, 60,000 Deaths, and the Story of Dendreon (Chapter 2 of 15)
    Posted on 21 June 2009 by Mark Mitchell
    Tags: Dendreon, hedge fund, Jim Cramer, married put, Michael Milken, naked short selling, short seller, stock manipulation

    What follows is PART 2 of a 15-PART series. The remaining installments will appear on Deep Capture over several weeks, after which point the story will be published in its entirety. It is a story about the travails of just one small company, but it describes market machinations that have affected hundreds of other companies, and it contains a larger message for anyone concerned about the “deep capture” of our nation’s media and regulatory bodies.

    Click here to read PART 1

    Where we left off, CNBC’s Jim Cramer had trashed Dendreon while declaring it to be a “battleground stock.” This seemed to foretell a series of brutal attacks that involved illegal naked short selling and other familiar weapons of the “battleground.” As we will see, these attacks have helped prevent Dendreon’s prostate cancer treatment from reaching patients. As we will also see, most of Dendreon’s known detractors–including hedge funds betting against the company’s stock and Cramer himself–have ties to the famous criminal Michael Milken or his close associates. Meanwhile, there are serious questions to be asked about the precise nature of Milken’s “philanthropy” — specifically his Prostate Cancer Foundation…

  2. gaj


    deepcapture = patrick byrne.
  3. Duh. Ya think?
  4. patchie


    No Not really. I am not sure that there is a lucid thought by that individual.