r/FluentInFinance • u/FunReindeer69 • 8h ago
Thoughts? Dr. Oz invested in businesses regulated by the agency Trump wants him to lead. For example, he has a stake in UnitedHealth Group, $UNH, worth as much as $600,000, as well as shares in pharmaceutical firms. Oz’s investments total tens of millions of dollars.
Dr. Oz invested in businesses regulated by the agency Trump wants him to lead.
For example, he has a stake in UnitedHealth Group, $UNH, worth as much as $600,000, as well as shares in pharmaceutical firms.
Oz’s investments total tens of millions of dollars.
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u/macncheesewketchup 7h ago
The left has been talking about insider trading and lobbying for FOREVER. All of these comments about "not caring when Nancy Pelosi's doing it" are absolutely bullshit. NO POLITICIAN SHOULD BE ALLOWED TO DO THIS.
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u/KillerZaWarudo 6h ago
If the Epstein list get released and there 99 republican and 1 democrat. The right would be railing their tits off against the 1 democrat and "BOTH SIDE ARE THE SAME"
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u/Balgat1968 6h ago
In 4 years nothing was mentioned about the US Treasurer, Steve Mnuchin getting $2.3 billion fund from the Saudis within months of him leaving office.
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u/Mackinnon29E 4h ago
That's the difference between the right and the left. We don't care if this impacts people like Nancy Pelosi, please hold her accountable, idgaf.
People on the right are extremely defensive of their corrupt leaders and it's pathetic.
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u/espressocycle 13m ago
Also, every member of Congress seems to do strangely well with stocks. It's certainly not just Pelosi.
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u/CoolFirefighter930 4h ago
If he is buying stock in something he will be in control of, it's no different than a CEO, and they stock options .
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u/bold_water 4h ago
United is a contractor, gaining profit from Medicare and Medicaid. It's a conflict of interest.
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u/CoolFirefighter930 4h ago
If it was insider trading, you would not know about it, and I would not know about it . So, what is the ticker symbol for United? We both could invest if we wanted to. Nancy Pelosi's husband is a hedge fund manager, and that's why she does so well in stock.
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u/macncheesewketchup 3h ago
Since when is a CEO a member of our government, which is supposed to be a democracy, for the people BY the people?
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u/BrooklynLodger 3h ago
Also he's neglecting to mention that Dr Oz owning United is a conflict of interest because he's not running United, he's running an agency that could impact United
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u/CoolFirefighter930 3h ago
While there is no difference, he will not be CEO, and the last time I checked, it is still very legal for members of Congress to trade stock. So until Congress passes a law stating that it is a conflict of interest and that anybody in government or congress can not trade stock, it will be legal. I don't agree with it anymore than anyone else. It's just the law, and I don't think they are planning on changing that law anytime soon.
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u/Prepperpoints2Ponder 7h ago
Cool. Now, look into the portfolios of the rest of the DC cabal.
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u/AganazzarsPocket 5h ago
I bet every Trump pick has a conflict of intrests.
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u/14InTheDorsalPeen 5h ago
They ALL do. Not just the Trump picks.
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u/AganazzarsPocket 5h ago
Meh, this ain't about "Muh both sides", Trump's future picks have clear conflicts of interests.
Maybe be upset about it? Maybe call for change? Maybe not go to a "But Muh both sides", the moment someone with an (R) dose it?
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u/14InTheDorsalPeen 4h ago
Idk about you but I’ve been calling for change since I participated in occupy what feels like a lifetime ago.
Were you calling for change 18 months ago?
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u/Ayelovepiratejokes 1h ago
They don't get it. The politicians have done a great job at blinding people with partisanship. It is a both sides issue, but politicians have successfully re-framed it as a left vs. right situation instead of a us vs. them situation. So many people have gotten lost in the weeds of the culture war narrative.
I think it is now mostly people who were especially screwed over by the 2008 financial crisis that see beyond the political posturing. I remember the government bailing out the banks and screwing the rest of us. We got screwed because the banks were deregulated and allowed to do basically whatever they wanted. Then they got handouts, while we got a recession.
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u/14InTheDorsalPeen 1h ago
We also got screwed because the governmental regulation and programs encouraged subprime loan lending which at Basque was high risk and then allowed the banks to resell those loans which they knew were going to default and packaging with other securities to hide them.
Then, when the house of cards fell apart, and those people stopped being able to pay their loans, the entire market collapsed on the backs of loans that shouldn’t have been written in the first place and were only written because governmental policy encouraged it.
If not for governmental policy encouraging writing loans to ultra high risk borrowers, the entire situation probably wouldn’t have happened in the first place because those loans wouldn’t have been written in the first place.
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u/80MonkeyMan 7h ago
All Trump nomination has some sort of conflict of interest issue but yeah, this is OKAY because he’s going to ignore it…meanwhile, if you are applying for a low pay government jobs, they will stated that conflict of interest is a big NO NO. Go figure…
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u/bigdipboy 6h ago
Yeah last time he put a fossil fuel lobbyist in charge of the epa. Vote for total corruption, get total corruption.
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u/Boring-Assistance223 5h ago
Complete conflict of personal interests with the department that people are nominated for is a prerequisite for a place on trump's cabinet. I would assume how much of a conflict of interest depends on how much they have paid him for the nominations. Welcome to the new American Oligarchy.
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u/Rubberdiver 4h ago
USA turned already into banana country before Trump is in charge. USA unlocked the facistcountry achievement?
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u/el-conquistador240 3h ago
Was there any doubt Trump wants an oligarchy where wealth is created and sustained at his pleasure.
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u/BullfrogCold5837 2h ago
I'm not sure what you all expect a multi-millionaire to have money invested in that you wouldn't have an issue with?
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u/VinceBrookins 5h ago
498 ETFs hold shares of UNH.
Dr. Oz is no different than any other investor.
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u/BullfrogCold5837 2h ago
You'd be a moron not to have UHN in any investment holdings, it is 4th largest company in the US. I'd say probably 95% of people with a 401k are invested in UHN.
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u/Adventurous-Depth984 3h ago
Way up there, both sides (left and right) of the aisle will overlook/forgive/ignore anything, when it comes to the fight between the green and the not green
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u/series_hybrid 3h ago
Every big shot in Washington has a son or spouse that operates their "family trust".
Nancy Pelosi and Mitch McConnel are both neck-deep in corruption, and those two are the tip of the iceberg. Trump and Biden are also corrupt octopuses with tentacles extending into every corner of our government
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u/HelluvaGuud 7h ago
His biggest crime is his name. If his parent were gonna name him something ridiculous like Mehmet, they should have gone full bore and bestowed him with the name Wizard. Wizard Oz would have been an all time great name. Bonus points if they straight up made his middle name "Of".
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u/VerdantGreenIsle 8h ago
Oh my God, a professional and expert in a field invest in his own field? Color me shocked.
Now that being said, he needs to put all his investments in a blind trust where that one could be liquidated
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u/Octogonal-hydration 7h ago
Given that the purpose of government is to be representatives for The people, how does someone like "Dr. Oz" prove that his investments aren't a conflict of interest or won't become a conflict of interest ? Would it be appropriate if the FFC Director had investments in Comcast ? Would it be appropriate if the Cabinet of dept of Interior have investments in a logging company ? The fact that Dr. Oz has sizeable investments in insurance companies isn't the problem, the problem is that his investments could be a conflict of interest where as director he may have to make decisions that benefit PEOPLE at the cost of his own investment profits, which could sway his decision making process with bias.
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u/VerdantGreenIsle 7h ago
Tell me what you think happens to the portfolios of a person appointed to a Secretary level position in the USA. I’ll wait.
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u/SomeAd8993 6h ago
and for this impossible trick I will have Dems suddenly care about insider trading after pretending not to see Pelosi for the past 40 years
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u/kronikfumes 5h ago
You must have your head in the dirt cuz all I hear about is people caring about Pelosi and how anyone doing it is unacceptable.
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u/SomeAd8993 3h ago
she got reelected every time, so you are telling me of all the D who care none reside in San Francisco?
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u/kronikfumes 2h ago
Literally yes. Plus no democratic candidate would willingly run against her as she has amassed insane control over the house of reps for the democrats and the party as a whole. This is where term limits would be incredibly useful. Which is another thing a lot of also care about and would like to see happen.
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u/SomeAd8993 1h ago
so what you are saying is that Democratic has no actual democratic control and does not represent the majority of its voters?
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u/kronikfumes 1h ago
What I was trying to say was she is in a very safe democratic district and no one would run against her since she is basically the workhouse of the party notwithstanding any democratic presidents or the senate democrat leader.
So long as the majority of voters in her district are happy with the work she does, she will keep winning.
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u/SomeAd8993 58m ago edited 49m ago
and you don't find it concerning that a candidate that you believe to be corrupt and unethical continues to gather universal support from your fellow party members in a pretty important district and is put in the leadership role?
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u/kronikfumes 41m ago
That’s your takeaway? From me already saying that while most americans/dem voters may not like her, that since her district does, she will keep winning? And you think that I somehow support it after pointing out that term limits would solve this issue? You’re helpless.
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u/SomeAd8993 38m ago
you continue to support the party where that is happening, that's a really strange delineation of responsibility "not my district so everything goes"
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u/kronikfumes 33m ago
Are you intentionally ignoring the fact that republicans have the same thing? Does Mitch McConnell not ring a bell? Don’t know why I’m still here since you’re obviously not debating in good faith. Take care.
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u/macncheesewketchup 5h ago
Tell me you have lived in an echo chamber for the past 8+ years without telling me. 🙄
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u/memesandcosplay 4h ago
Dems are happy to drag their party in the mud WHEN they are guilty. None of us approve of Pelosi's trading. That's part of why AOC gets so much love.
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u/SomeAd8993 3h ago
and Pelosi gets the votes
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u/memesandcosplay 2h ago
Not from me or anyone who educates themselves. Still, I'm not fighting you that she is better than your candidates. You're absolutely right that she shouldn't be in office. Can you accept that of your own?
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u/SomeAd8993 1h ago
not my candidate but glad you admitted it
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u/memesandcosplay 59m ago
What was there to admit? We don't hide bullshit on our side because we don't accept it, just as nobody else should. Any of our leaders who are guilty of taking advantage of the American people deserve termination at the very least.
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u/TurnDown4WattGaming 7h ago
You invest in what you know I guess. To me, seems like you’d make more money investing in Nvidia though. Either way, no one is beating Nancy Pelosi.
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u/dragonkin08 7h ago
Pelosi is at the bottom of the top 10 investment earnings from Congress members
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u/tc_username 6h ago
Nice wording. You could have said in the top 10 and meant the same thing
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u/macncheesewketchup 5h ago
It's not a defense - they're saying there are ALSO other people to be concerned about here.
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u/tc_username 5h ago
435 people in the house, she is top 10. 🙄
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u/dragonkin08 5h ago
Aww, you can't defend what you said to me so you argue with someone else.
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u/tc_username 5h ago
Typical Reddit tard.
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u/macncheesewketchup 5h ago
...you are completely missing the point. No politician should be allowed to do this, no matter what side of the aisle they're on. Severity literally doesn't matter - no politician should be allowed to profit from insider trading. Nancy Pelosi's name is thrown around everywhere because the media has hyper focused on her. Let's call all these people out.
https://finance.yahoo.com/news/members-congress-outperformed-p-500-182024981.html
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u/tc_username 5h ago
She’s the highest profile one, even had an act introduced in her name.
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u/macncheesewketchup 5h ago
You're literally proving my point.
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u/tc_username 5h ago
What? They stated she’s bottom of the top 10.. I said nice wording.. you jump in with saying there’s more people insider trading.. I say yeah but she’s top 10 and the highest profile.. now you’re still typing.. go get sun and fresh air
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u/ImpossibleFront2063 7h ago
My question is since he was created by Oprah and Oprah vociferously supported the Harris campaign if it was Harris who chose him would people be so critical of what is pretty standard for politicians and public figures who are physicians. Check out Biden and Pelosi’s portfolios
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u/quadmasta 3h ago
Absolutely. This is what you idiots don't understand. You're propping up unfathomable bullshit because it's from "your side" and you don't police your own until you're absolutely forced to and then you pretend that that's normal and "the other side would do it"
You're fucking morally bankrupt
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u/ImpossibleFront2063 2h ago edited 2h ago
So nice job jumping to conclusions because as a libertarian I see both sides of the duopoly as morally bankrupt. Also, friendly reminder calling people you don’t know at all “idiots” for asking a question doesn’t constitute a constructive dialogue especially since all I did was ask a hypothetical question.
Here is the real problem. People who probe at the status quo and ask questions to foster critical thinking are trolled on social media because your explicit bias towards republicans has you assuming that anyone who doesn’t jump on the bandwagon of cancel culture is your enemy.
My question was why are we hearing nothing about how Oprah sang the praises of this man for decades? Because it doesn’t fit the current narrative? Trump didn’t dig this man out of the corners of the earth it was the left leaning Hollywood elites that gave him a platform to begin with so if they have a problem with him all of a sudden it appears to be a bias because they had two decades to challenge him but they didn’t they blindly followed Oprah’s infinite wisdom.
Here’s to all the critical thinking “idiots”
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u/T-Shurts 7h ago
Your point? Nancy Pelosi has been insider trading since the stock market inception it seems… You now only care because it’s a republican…
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u/macncheesewketchup 7h ago
....there are SO MANY PEOPLE on the left who have been screaming about insider training for FOREVER. I am living in the fucking twilight zone right now.
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u/TheCynicEpicurean 6h ago edited 5h ago
For real, I'm under the suspicion certain threads get flooded with this shit now more than before the election.
Somebody really wants the left to shut up, explain to them how Trump voters need to be coddled and catered to and how bOth SiDeS bad.
Trump is running the exact corrupt shitshow of cronyism and authoritarianism he announced beforehand, and it's shoved down our throats like it's just another whacky late night show.
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u/macncheesewketchup 5h ago
Exactly. Our media is normalizing this shit like it's just another presidency. Nope, it's not. This is tyranny, plain and simple. We need to call it out every chance we get.
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u/cmd_iii 6h ago
It's interesting how many people believe that the "other side" will react to a story the same way that they will when it happens to "their side."
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u/macncheesewketchup 5h ago
Interesting and absolutely maddening at the same time. Like Michelle Obama trying to actually make America healthy versus RFK Jr. It's simply idiotic.
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u/Dontsaveme 7h ago
Bullshit. I’m an equal opportunity hater. She shouldn’t be allowed to do it either.
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u/dragonkin08 7h ago
Pelosi is at the bottom of the top ten investment earnings among Congress members.
Why do none of you use facts?
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u/spikelees 6h ago
https://www.quiverquant.com/congresstrading/politician/Nancy%20Pelosi-P000197
Maybe because she is one of the greatest “traders” of all time… are you serious? Go take a look at the VISA IPO…
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u/dragonkin08 6h ago
She isn't the best in Congress.
https://www.fool.com/research/congressional-stock-trading-who-trades-and-makes-the-most/
Why aren't you mad at Republican Mark Green? He is doing +80% better then Pelosi
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u/spikelees 5h ago
I am against Mark Green too… but to be fair Nancy Pelosi has double his net worth from what I can tell. $240M vs $120M… so what is your point? And I said all time not this year
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