The FDA has yet to reach a decision about its approval of genetically modified salmon for public consumption, but things are not looking good for concerned American consumers.

http://www.washingtonpost.com/wp-dyn/content/article/2010/09/18/AR2010091803520.html

http://www.theatlantic.com/food/archive/2010/09/union-to-fda-say-no-to-genetically-modified-salmon/63340/

The review panel of “experts” does not consist of food safety experts, and includes people who could be biased towards approving AquaAdvantage’s fish – including individuals who have themselves developed genetically modified animals, and one person who used to work for Monsanto.
It also seems that because of procedural technicalities (which seem hollow, and point more directly to the financial bottom line) it is unlikely that any labeling would be required to alert consumers as to the nature of this, or any other GM product, because the companies that produce these products (and it seems the FDA too) are concerned that people would not want to buy food that they knew to be genetically modified.  Which, lets face it, would likely be the case.  So instead it seems likely that they will make it policy to keep American consumers in the dark, and force them to buy products that they overwhelmingly do not want to buy, and that this technology will be approved, potential dangers to health and environment, and all.  Bastards.

Here are some other reasons that this strikes me as a bad idea: http://www.huffingtonpost.com/ronnie-cummins/10-freakiest-things-about_b_737267.html

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