Apr
11

Goldman Mortgage Settlement Is Much Less Than Meets the Eye

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The headquarters of Goldman Sachs in New York. CreditMark Lennihan/Associated Press

State and federal officials said on Monday that Goldman Sachs would pay $5.1 billion to settle accusations of wrongdoing before the financial crisis.

But that is just on paper. Buried in the fine print are provisions that allow Goldman to pay hundreds of millions of dollars less — perhaps as much as $1 billion less — than that headline figure. And that is before the tax benefits of the deal are included…

Goldman Mortgage Settlement Is Much Less Than Meets the Eye

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