Goldman Sachs Reaches $5B Mortgage Fraud Deal

From Courthouse News Service

Eight years after helping sink the global economy, Goldman Sachs reached a $5 billion settlement Monday that includes programs to help homeowners damaged by their mortgage fraud.

Complete with a statement of facts describing how Goldman Sachs misled investors, the agreement's filing today comes after the bank first revealed the deal's preparation in January financial filings.

Though the settlement is roughly half of the $10 billion that Goldman Sachs accepted in bailout money from the Troubled Asset Relief Program (TARP), Associate U.S. Attorney General Stuart Delery boasted about the deal in a statement this morning.

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