Goldman Agrees to Pay $5 Billion Settlement

(WASHINGTON) — The Justice Department announced a $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis.

The deal announced Monday resolves state and federal probes into the sale of shoddy mortgages before the housing bubble and economic meltdown.

It requires the bank to pay a $2.4 billion civil penalty and an additional $1.