Tuesday, July 14, 2009

Goldman Execs Bailed While U.S. Propped Up Firm

Was the government propping up the financial sector or providing support that helped Goldman Sachs execs bail during the height of the crisis last year?

Executives at Goldman sold almost $700 million worth of stock following the collapse of Lehman Brothers last September, according to filings with the SEC.

Most of the sales occurred during the period in which the firm was propped up with the help of $10 billion in U.S. government money.

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