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Page last updated at 07:02 GMT, Friday, 16 July 2010 08:02 UK

A 'pretty neat solution' for Goldman Sachs

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Investment Bank Goldman Sachs has agreed to pay $550m to settle civil fraud charges, for misleading investors in the way it marketed complex mortgage investments.

Gillian Tett, of The Financial Times, discusses if this is a victory for the US Securities and Exchange Commission.


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