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OF COURSE Obamacare Exchanges Will Be Manipulated
The Big Boys Manipulate EVERY Market … While Would Obamacare Be Any Different?
The following exchanges are being widely manipulated by big banks, hedge funds and other players:
- Currency
- Interest rates
- Oil (and see this)
- Energy
- Gold and silver
- Derivatives
- Carbon (i.e. “cap and trade”)
- Virtually all other commodities
- Basically all exchanges
Why do you think Obamacare will be different?
The leverage which huge pots of cash, insider information and high-frequency trading give to the big banks and other big players makes exchanges an easy target.
The big boys play dirty.
And the Obama administration is allegedly exempting the Obamacare exchanges from anti-fraud standards
As the New York Times notes:
Billions could flow from Washington to Wall Street, indeed.
Postscript: True progressives such as Eric Zeusse, Yves Smith and Corrente have long warned that Obamacare is nothing but a giant giveaway to big health insurance companies.
But it is also a new opportunity for Wall Street to extract huge sums by manipulating a new market.
Bonus:
- advertisements -


Na, that will be the next tax increase. "Damn honey, we are in the kidney bracket this year. We've got to defer more income or we'll hit the cornea bracket next year."
Right, think hmo 2
I think you’ll find that the more a particular market is “regulated” the more manipulation and fraud is taking place. And in many cases the participants aren’t manipulating the markets so much as they are rationally responding to the stupid incentive structure set up by the regulators/government.
You'd need to set aside a year's worth of 40 hour work weeks to get up to speed on all the mortgage and "affordable housing" regulations that were on the books by the mid 2000s before TSHTF. How did that work out?
Personally I could never get that worked up abut Enron’s manipulation of the California electricity markets which were governed by the absurd mandate that end users should never have to pay above a certain rate for electricity regardless of supply or demand.
Obamacare is going to make that look like a scandal over a lemonade stand - not necessarily because there are money hungry villans involved but because it so terribly distorts and perverts the market for medical care.
Just think about the absurdity of Obamacare "creating" healthcare exchanges (which of course they still F-ed up). As if a leviathan-sized, government run apparatus is required to make that tricky SUPPLY-->PRICE<--DEMAND thing happen.
LITTLE Johnny......
The kids filed into class Monday morning. They were all very excited. Their weekend assignment was to sell something and then give a talk on salesmanship. Little Sally led off. "I sold Girl Scout cookies and I made $30" she said proudly. "My sales approach was to appeal to the customer's civil spirit, and I credit that approach for my obvious success." "Very good", said the teacher. Little Debbie was next. "I sold magazines" she said. "I made $45 and I explained to everyone that magazines would keep them up on current events."Very good, Debbie", said the teacher. Eventually it was Little Johnny's turn. The teacher held her breath. Little Johnny walked to the front of the classroom and dumped a box full of cash on the teacher's desk. "$2,467", he said. "$2,467!" cried the teacher, "What in the world were you selling?" "Toothbrushes", said Little Johnny. "Toothbrushes" echoed the teacher. "How could you possibly sell enough tooth brushes to make that much money?" "I found the busiest corner in town", said Little Johnny. "I set up a Dip & Chip stand, and I gave everybody who walked by a free sample." They all said the same thing: "Hey, this tastes like dog shit!" Then I would say, "It is dog shit. Wanna buy a toothbrush?"
"I used the President Obama method of giving you some crap, dressing it up so it looks good, telling you it's free, and then making you pay to get the bad taste out of your mouth."
Little Johnny got five stars for his assignment.
I believe everything except him receiving 5 stars. I believe he got 1 star for being a radical.