Fannie Mae-No Politics (FNMA)

[Patswil]

Under the terms of the settlement, Goldman Sachs will pay $3.15 billion in connection with releases and the purchase of securities that were the subject of statutory claims in the lawsuit FHFA v. Goldman Sachs & Co., et al., in the U.S. District Court of the Southern District of New York. Goldman Sachs will pay approximately $2.15 billion to Freddie Mac and approximately $1 billion to Fannie Mae. This settlement, worth approximately $1.2 billion, effectively makes Fannie Mae and Freddie Mac whole on their investments in the securities at issue. As part of the settlement, FHFA, Fannie Mae and Freddie Mac will release certain claims against Goldman Sachs & Co. related to the securities involved.

from yahoo mb

It is a 3.15B settlement then.
This is the last of the important or meaningful settlements. We are done.
Good things are around the corner !!

There are 3 banks remaining Nomura, HSBC & RBS
But these are foreign banks with minor settlement amounts ie in the millions .