Tuesday, Jul 14, 2009
Et tu, Brute?
FT: Goldman executives sold $700m of stock
Executives at Goldman Sachs sold almost $700m worth of stock following the collapse of Lehman Brothers last September, according to filings with the Securities and Exchange Commission.
Most of the sales occurred during the period in which the investment bank enjoyed the support of $10bn from the troubled asset relief programme.
The surge in selling among Goldman partners, at a time when the US government had thrown a lifeline to Wall Street, is likely to draw criticism from lawmakers on Capitol Hill.
Posted by devo @ 06:22 AM (341 views) Add Comment
1 Comment
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1. doomwatch said...
mmm, wonder what they know. Lots of big Enron execs dumping big volume in the year before that charade ended. "Smartest
guys in the room".