Goldman Sachs will pay $5 billion to settle US mortgage case

WASHINGTON (AP) — Goldman Sachs agreed to pay about $5 billion to settle U.S. claims the Wall Street bank misled investors in sales of mortgage-backed securities that helped create the 2007-2009 financial crisis, the Justice Department announced Monday. The $5.06 billion deal resolves state and federal probes into the sale of shoddy mortgages in the run-up to the housing bubble and subsequent economic meltdown.

WASHINGTON (AP) — Goldman Sachs agreed to pay about $5 billion to settle U.S. claims the Wall Street bank misled investors in sales of mortgage-backed securities that helped create the 2007-2009 financial crisis, the Justice Department announced Monday. The $5.06 billion deal resolves state and federal probes into the sale of shoddy mortgages in the run-up to the housing bubble and subsequent economic meltdown.…