A number of folks, including a colleague of mine, have gently chided me for providing incorrect information about Paulson. Apparently he was required to divest himself of Goldman Sachs stock in the summer of 2006 after all (he probably wasn't thrilled to see the price nearly double after that, but in retrospect, he got out at a pretty good price – – and with taxes deferred, no less!). Thanks Andrew, Rob, and Jonathan for letting me know.
In my defense, I got the information from the New York Sunday Times business section which, let's face it, is usually a pretty good source. Maybe I missed some fine print, but in gigantic type they had the $500 million figure underneath Paulson, representing the value of his GS holdings.
Oh, and here's some footage from the hearings today you might enjoy.
