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Goldman Sachs announces $5.1B settlement over bad mortgages

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Goldman Sachs said Thursday that it would settle with the US for $5.1 billion for its “Big Short”-type mortgage deals from 2005 to 2007 that contributed to the financial crisis — the largest penalty the investment bank has ever had to pay. The New York bank led by Lloyd Blankfein will pay $2.4 billion in...

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