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US financial markets are very similar to Chinese dairy producers who put melamine in infant formula

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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 06:19 PM
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US financial markets are very similar to Chinese dairy producers who put melamine in infant formula

http://ap.google.com/article/ALeqM5jLXpq9YQBdZkaSRyRtY6IE57xcIQD93B7NMO0

China's dairy farmers fret as milk scandal grows
By GILLIAN WONG – 6 hours ago

Farmers like Yang, who lives in north China's Hebei province, are part of an industry that has lost public trust after tons of infant formula and other milk products were found to be contaminated with melamine, a chemical used in plastics and fertilizers, sickening more than 6,200 children and leaving four dead.

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Investigators say some raw milk suppliers, in hopes of clearing more profit, may have watered down their milk to increase volume and then added the industrial chemical melamine, which is high in nitrogen and artificially appears to boost protein content.

It is not known where in the supply chain the chemical was added to the milk. Experts have expressed skepticism that so many farmers would know to add melamine to milk as the chemical is not water-soluble and must be mixed with formaldehyde or another chemical before it can be dissolved in milk.


Read that article and just think "bad mortgage paper" as equivalent to the melamine and the finance industry being equivalent to the Chinese dairy industry.

Profit above all. Money above all. Screw ethics. Screw morals. Make a buck no matter the cost.


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