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Stories tagged: bailout


  • Greeks face more pain, protests as bailout nears end

    Greek lawmakers, eying the end of eight years of bailout programs, approved more austerity measures late Monday, as strikes and mass protests brought much of Athens to a standstill.


  • UPDATED: Thu., Nov. 16, 2017, 10:06 p.m.

    EU: Greece bailout planners failed to anticipate recession

    Auditors from the European Union’s executive Commission say massive bailout programs for Greece were not properly planned and failed to anticipate the recessionary effect of austerity measures.


  • UPDATED: Mon., Oct. 23, 2017, 4:56 p.m.

    Greece aims for quick austerity review as bailout end nears

    Bailout negotiators have returned to Greece to try and reach a deal by the end of the year on the terms for the next loan payout, as the debt-plagued country …


  • UPDATED: Wed., Oct. 4, 2017, 3:36 p.m.

    Puerto Rico bonds sink; White House says no debt bailout

    President Donald Trump helped sink Puerto Rican bond prices with talk of wiping out the U.S. territory’s debt but his budget director dismissed the idea of a bailout Wednesday as …


  • Greece puts faith in France to solve bailout impasse

    France’s finance minister says Greece is on course to reach a crucial funding deal with bailout lenders this week.


  • Robert J. Samuelson: Dodd-Frank cripples next response

    The real Dodd-Frank scandal is that this misinterpretation of events, widely embraced by both parties, has been allowed to stand.


  • Greece gets some short-term debt relief from eurozone

    Greece’s creditors in the 19-country eurozone have agreed to give the cash-strapped country some short-term debt relief even though they remain to be convinced that the Greek government has delivered …


  • Greece sticks with high growth target in 2017 budget

    The Greek government says the country’s economy is set to grow a decade-high rate of 2.7 percent next year despite maintaining high taxes linked to international bailout agreements.


  • Freddie Mac posts $993M profit in 2Q; paying $933M dividend

    Mortgage giant Freddie Mac reported net income of $993 million for the second quarter, down sharply from the same period of 2015.


  • Puerto Rico crisis enters new phase as Obama signs debt bill

    Puerto Rico’s fiscal crisis reached a turning point as President Barack Obama signed bipartisan legislation Thursday that allows the island to escape from debts Wall Street once viewed as ironclad.


  • Michigan governor signs $617 million Detroit schools bailout

    Michigan’s governor signed a $617 million bailout and restructuring plan for Detroit’s public schools on Tuesday, two years after the state committed money to help end the city’s bankruptcy.


  • Euro countries hold first talks on Greek debt measures

    European finance ministers on Monday debated for the first time measures to ease Greece’s massive debt burden amid concern the International Monetary Fund might withdraw from the bailout talks.


  • Puerto Rico skips bond payments, says Congress must help

    Puerto Rican officials say the island’s default on a $422 million bond payment is only the beginning if the U.S. Congress doesn’t help resolve the situation soon.


  • Sizing up TARP: In Lilac City, a Sterling example

    Bailout has become a dirty word. Like most dirty words, it has migrated a long way from any actual meaning and become a verbal cudgel. It might be useful to …


  • Sterling posts $39 million profit

    Sterling Financial Corp. earned a $39.1 million profit in 2011, continuing its turnaround from near-collapse during the height of the nation’s financial crisis. According to financial reports released Wednesday, Sterling’s …


  • House passes event center bailout

    OLYMPIA – The Washington House of Representatives passed a bill that would loan a troubled public facilities district $42 million, but only after limiting the way cities and counties involved …


  • Book Notes: Black set to star in film version of Walter’s ‘Poets’

    Spokane novelist Jess Walter’s latest book, “The Financial Lives of the Poets,” has been picked up as a movie vehicle for Jack Black, retitled “Bailout.” This news came out of …


  • Shawn Vestal: ‘Loan mods’ leave Main Street crumbling

    In April 2009, a Kootenai County homeowner struggling to pay the mortgage got a letter encouraging enrollment in a federal program meant to help people avoid foreclosure. The homeowner called …


  • Treasury: Financial bailout income at $35 billion

    The government’s heavily criticized $700 billion financial rescue program has earned nearly $35 billion in income over the past two years, according to data obtained by The Associated Press.


  • Goldman: Firm has no regrets

    WASHINGTON – A Goldman Sachs executive told an inquiry panel Thursday that the firm had no regrets about collecting billions of dollars in taxpayer money for correctly predicting the demise …


  • Debate hinges on bailouts

    WASHINGTON – The White House and congressional Republicans sparred Wednesday over how to protect taxpayers against “too big to fail” financial institutions, sharply disagreeing on whether legislation backed by President …


  • Small businesses at heart of latest bailout money plans

    WASHINGTON – The Obama administration plans to channel money from the government’s massive financial bailout program to small businesses as part of an effort to limit the political and economic …


  • Geithner: bailout program extended to October

    Treasury Secretary Timothy Geithner told Congress Wednesday that the administration will extend the government’s financial bailout program until next fall, saying it’s needed to protect against fresh economic shocks.


  • Obama turns to leftover bailout funds for jobs help

    WASHINGTON – Under heavy pressure to get Americans back to work, President Barack Obama on Monday suggested using a newly available pot of money left over from the government’s bank …


  • Democrats may tap bailout funds for jobs

    WASHINGTON – Democrats are looking to tap as much as $70 billion in unused funds from the Wall Street bailout to pay for new spending on roads and bridges and …


  • Executive pay targeted

    WASHINGTON – The Obama administration plans to significantly cut the pay of executives at the seven companies that have received the most bailout money, reacting to a growing outcry about …


  • Obama touts Wall Street changes

    President Barack Obama sternly warned Wall Street on Monday against returning to the sort of reckless and unchecked behavior that threatened the nation with a second Great Depression.


  • Bailout’s bottom line

    WASHINGTON – A gaggle of big banks have repaid their loans to the government under the $700 billion financial rescue. Is there a chance taxpayers will eventually recoup the rest …


  • Obama lashes out at AIG’s ‘recklessness’

    WASHINGTON – Joining a wave of public anger, President Barack Obama blistered insurance giant American International Group for “recklessness and greed” Monday and pledged to try to block it from …


  • White House questions viability of GM, Chrysler

    President Barack Obama refused further long-term federal bailouts for General Motors and Chrysler, saying more concessions were needed from unions, creditors and others before they could be approved.