Goldman Sachs Group announced it had resolved “ongoing investigations” of multiple government authorities related to the firm’s securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007 by potential payments of up to approximately US $5 billion. According to a press release issued by the firm, Goldman Sachs indicated that, under the terms of a tentative agreement, it would pay a civil fine of US $2.385 billion, make cash payments of US $875 million and provide various consumer relief, including principal forgiveness for underwater homeowners and distressed borrowers,” of US $1.8 billion. Goldman Sachs said its agreement would resolve pending and actual civil claims by the US Department of Justice, the New York and Illinois Attorneys General, the National Credit Union Administration and the Federal Home Loan Banks of Chicago and Seattle. The firm indicated that no definitive documentation has been finalized and “there can be no assurance” that any agreement will be finalized. (Click here to access my review of the recent film,The Big Short – about the collapse of the RMBS market beginning in 2007 – in the January 2, 2016 edition of Bridging the Week.)