Timothy Birdnow

So, now we have arrests and show trials for crony capitalists who won't play ball with the Obama Administration
http://www.aol.com/article/2015/12/17/turing-pharma-ceo-martin-shkreli-arrested-reuters-witness/21284968/

According to Reuters:

"NEW YORK, Dec 17 (Reuters) - Martin Shkreli, a lightning rod for growing outrage over soaring prescription drug prices, was arrested by the FBI on Thursday after a federal investigation involving his former hedge fund and a pharmaceutical company he previously headed.

The securities fraud probe of Shkreli, who is now chief executive officer of Turing Pharmaceuticals and KaloBios Pharmaceuticals Inc, stems from his time as manager of hedge fund MSMB Capital Management and CEO of biopharmaceutical company Retrophin Inc, a person familiar with the matter said.

Shares of KaloBios fell about 50 percent in premarket trading.

Lawyers for Retrophin and Shkreli, whose arrest was witnessed by Reuters, did not immediately respond to a request for comment. Turing and KaloBios declined to comment.

Turing sparked controversy earlier this year after news reports that it had raised the price of Daraprim, a 62-year-old treatment for a dangerous parasitic infection, to $750 a tablet from $13.50 after acquiring it."

End excerpt.

While this thirty-something fellow may be a punk and perhaps even unscrupulous, how much do you want to bet he is being prosecuted for raising the drug prices and making Obamacare look bad? See, the drug companies were supposed to take this lying down and eat the expenses. Our masters in Washington never intended for Big Pharma to fight back.

As I have pointed out, Claire McCaskill is chairing Senate Committee investigations of "price gouging" by drug makers as a way to cover for BHO's failure.

So now the Stalin-style show trials are about to begin. Did anyone NOT see this coming?

Posted by: Timothy Birdnow at 10:47 AM | Comments (4) | Add Comment
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