Just a week ago we wrote something about the poisoned pet food sold by Menu Foods, a Canadian company, and we briefly mentioned the fact that the FDA, which used to be a division dedicated to protect the consumers, was rather slow in announcing the problem.
Carelessly, we presumed that the FDA was trying to soft-pedal the news, since it potentially involves the human food supply as well. Such are cynical expectations in the 21st century of George Bu$h.
As it turns out, Chris at AMERICAblog has set us straight on why there was a delay in making the news public. It may not have been because the FDA was hiding the facts.
So now it looks like we could be moving from a FDA scandal to an SEC investigation scandal. Insider trading is generally not very well received by the SEC.The latest update -- the first to involve its Ontario plant -- comes amid news that the chief financial officer of Menu Foods Income Fund sold nearly half his units in the pet food maker less than three weeks before it announced its massive product recall, according to insider trading reports.Let's hope the SEC is more serious about their work than the FDA, who seem uninterested in protecting consumers and more occupied with providing shelter to big business.
We are so surprised. Shocking, simply shocking.
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