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Sen. Wyden Gets Called Out on His Hypocrisy

During Rep. Tom Price’s (R-GA) confirmation hearing to serve as Health and Human Services Secretary, Sen. Johnny Isakson (R-GA) called out Sen. Ron Wyden (D-OR) for his questionable stock holding.

Sen. Wyden has been leading Democrats’ charge attacking Price for healthcare stock he previously owned.

“For example, when you go to Senator Wyden’s annual report, he owns some interest in BlackRock Floating Rate Income Fund. The major holding of that fund is Valeant Pharmaceuticals – 2,700 percent increase last year in pharmaceutical prices,” Isakson pointed out to the committee.

A clearly irritated Wyden interjected, “I do not trade in health care stocks.”

“My only point to the senator from Oregan is you do have mutual funds like most of us have. The mutual funds have holdings in pharmaceuticals, one of them you did. But nobody should accuse somebody of holding pharmaceutical stocks,” Isakson responded.

Wyden responded by telling Isakson, “mutual funds in particular, by independent experts, ethics experts, are considered in a completely different category than personal trading in stocks.”