Topic: Bp Stock

A discussion of President Obama's financial assets reveals that his blind trust is invested in the Vanguard Wellington fund, which holds significant positions in major oil companies. The hosts suggest this creates a conflict of interest while the administration publicly criticizes BP and the oil industry.

Goldman Sachs reportedly sold a significant portion of its BP stock holdings—approximately 40% of its portfolio—just before the Deepwater Horizon blowout. The hosts highlight the role of Peter Sutherland, who served as both the ex-chairman of Goldman Sachs and the chairman of BP. They argue this is a clear case of insider trading and suggest the oil company is an extension of the banking elite.