Find NJ.com on Facebook. The US Justice Department has announced that Goldman Sachs is to pay more than $5bn to settle the charges that it sold mortgages it knew were likely to fail during the housing bubble of 2005-2007. In a statement, the department said the settlement was "consistent with our commitment to hold financial institutions accountable for their misconduct".http://www.nytimes.com/2011/02/03/world/middleeast/03syri@@
The US Justice Department has announced that Goldman Sachs is to pay more than $5bn to settle the charges that it sold mortgages it knew were likely to fail during the housing bubble of 2005-2007. In a statement, the department said the settlement was "consistent with our commitment to hold financial institutions accountable for their misconduct".http://www.nytimes.com/2011/02/03/world/middleeast/03syri@@