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GE Pays $1.5B To End DOJ's Crisis-Era Mortgage Claims

By Jody Godoy (April 12, 2019, 1:01 PM EDT) -- General Electric will pay $1.5 billion to end the U.S. Department of Justice's claims over subprime home loans that were bundled into the kind of risky securities that kneecapped the financial world when the underlying mortgages failed en masse around 10 years ago, the DOJ announced Friday....

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