BBC (hat tip reader John D)
Bloomberg These comments from DoctoRx:
These drugs are wildly overprescribed because Obama’s new friends push and then push some more to get MDs to prescribe probably the single most overpriced class of drugs on the entire planet to helpless kids. The overuse of psychiatric drugs is a huge scandal-bad for national health and wealth.
In addition, the use of antipsychotics in the demented elderly has been proven wildly unsafe, but they continue to be widely prescribed. Guess why?
5 years ago a single Zyprexa tab- which costs 2-3 cents per pill to make at the most- went for $7. I know for certain that these drugs have over a 99% gross margin. Why? Because we have a lunatic system that let’s them get it! And then they know how to get them overprescribed on top of the overcharging.
Denver Westword (hat tip reader John D)
Barry Ritholtz (hat tip reader Scott)
HDTV (hat tip reader Alex G). This may annoy some readers, but the only way to have credit cards not be a product that has to feast of the chronically indebted is to have everyone pay an annual fee. That was the model until the late 1980s, and interest rates and fees were not rapacious.
Dean Bake. Guardian (hat tip DoctoRx)
Matt Taibbi. God, I’d love to be on the distribution list for these Goldman lobbying documents. They are brazen. Goldman must be so confident of getting what it wants that is no longer concerned whether its arguments make sense or not.
Epicurean Dealmaker. A nicely done rant.
Antidote du jour: