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Channel: mortgage meltdown | New York Post
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Goldman Sachs admits misleading investors with risky mortgages

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More than 10 years after it spotted cracks in the housing market, Goldman Sachs will pay $5.1 billion for its role in the financial crisis. The settlement announced Monday with the Justice Department resolves allegations that the bank misled investors about risky mortgage bonds it sold as supposedly safe investments. In addition to the DOJ,...

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