Episode 205 • • 1:24:14 - 1:25:52
205: Two Ugandans One Cup
Goldman Sachs and BP Insider Trading Allegations
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.