Goldman Settles Fed Mortgage Probe for $5.1B

Goldman Settles Fed Mortgage Probe for $5.1B

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses a settlement between a major bank and the Department of Justice over mortgage-backed securities. The bank will pay $5.1 billion, including a civil penalty and consumer relief. This settlement aims to hold Wall Street accountable for the financial crisis. The bank's earnings report, scheduled for April 19th, will reflect this impact.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What amount is Goldman expected to pay to settle the US probe into its handling of mortgage backed securities?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How is the US government attempting to hold Wall Street banks accountable according to the text?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the components of the $5.1 billion settlement mentioned in the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

When is Goldman scheduled to report their earnings?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact is the settlement expected to have on Goldman's earnings?

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