Goldman Sachs has announced that The US Justice Department is to pay $1.8 billion to settle the charges that it sold mortgages it knew were likely to fail during the housing bubble of today . Some of this money is due to be used to help finance affordable rental housing throughput the Seattle .
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. Some of this money is due to be used to help finance affordable rental housing throughput the US.