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Keyword: stocksaleslehman

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  • Goldman Executives Sold $700m of Stock (Uh Oh!)

    07/13/2009 4:23:54 PM PDT · by HighWheeler · 10 replies · 745+ views
    FT.com ^ | July 13, 2009 | Greg Farrell
    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. Having survived the crisis, the bank is expected to report strong second-quarter earnings on Tuesday on rebounding trading...