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Actionable news in GS: GOLDMAN SACHS GROUP Inc,

NYT: Goldman Sachs' Mortgage Settlement Is Less Than Meets The Eye

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On Monday, State and federal officials said Goldman Sachs Group Inc GS 1.39% agreed to pay $5.06 billion to settle accusations of the bank misleading bond investors during the financial crisis. However, as it is quite common in contracts, it’s all about the fine print.

A closer look into the clauses of the agreement reveals certain provisions that allow the company to pay much less (possibly up to $1 billion less) than the publicized figure. "And that is before the tax...


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