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Goldman Sachs to Pay $5B in Securities Dispute Settlement

One of the biggest U.S. investment banks, Goldman Sachs, agreed Monday to pay the government $5 billion in penalties for selling financially questionable mortgage-backed securities leading up to the country's financial crisis in 2008. A Justice Department official, Stuart Delery, said the agreement, "holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of...

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