ANOTHER Fold, ANOTHER Screwing
The Market Ticker - Commentary on The Capital Markets
Logging in or registering will improve your experience here
Main Navigation
Display list of topics
Sarah's Resources You Should See
Sarah's Blog Buy Sarah's Pictures
Full-Text Search & Archives
Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be sent unmodified to lawmakers via print or electronic means or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media, to republish full articles, or for any commercial use (which includes any site where advertising is displayed.)

Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.

Considering sending spam? Read this first.

2019-07-11 09:59 by Karl Denninger
in Corruption , 108 references Ignore this thread
ANOTHER Fold, ANOTHER Screwing
[Comments enabled]

"PBM" stocks are soaring today as White Rape withdrew its plan to stop you from being dicked by drug prices.

The Trump administration will no longer move forward on a proposed rule to eliminate the arcane rebates that flow from drugmakers to middleman pharmacy benefit managers, a significant reversal on one of the White House’s Opens a New Window. most sweeping actions to-date to curb rising treatment costs.

“Based on careful analysis and thorough consideration, the President has decided to withdraw the rebate rule," said White House spokesman Judd Deere. "President Trump will consider using any and all tools to ensure that prescription drug costs will continue to decline.”

Sure.

Except, of course, any moves that would actually work.

Like prosecuting them under 15 USC Chapter 1, a known-to-work way to get people to actually obey the law, and a law the drug companies ARE subject to as they tried to get declared exempt in the late 1970s (Royal Drug), went to the Supreme Court, and lost.

Our President is perfectly happy to see you get financially raped so long as the stock market goes up.  Where do you think that money comes from?  You -- and you get it up the ass.

Go buy another tube of KY at the drugstore; you're going to need it.

View with responses (opens new window)