Regulator Sues Goldman Sachs Over Risky Mortgages

Regulator Sues Goldman Sachs Over Risky Mortgages

LOS ANGELES - (AP) The U.S. regulator of credit unions on Tuesday sued Goldman Sachs & Co. for more than $491 million in damages over losses incurred by two failed credit unions that purchased mortgage-backed securities underwritten by the investment bank. The complaint filed by the National Credit Union Administration. . . . Full version available to lexis.com subscribers.