Latest from The Spokesman-Review

• Sterling posts $39 million profit

  January 26, 2012 in City on Page A8 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 … 2

• House passes event center bailout

  December 6, 2011 in City on Page A6 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 … 4

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

  May 22, 2011 in Features on Page D7 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

  February 18, 2011 in City on Page A5 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 … 5

• Treasury: Financial bailout income at $35 billion

  December 10, 2010 in Nation/World 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. 23

• Goldman: Firm has no regrets

  July 2, 2010 in Business on Page A12 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

  April 15, 2010 in Nation/World on Page A3 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 … 1

• Small businesses at heart of latest bailout money plans

  December 11, 2009 in Nation/World on Page A1 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 … 2

• Geithner: bailout program extended to October

  December 9, 2009 in Business 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

  December 8, 2009 in Nation/World on Page A1 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

  December 4, 2009 in Nation/World on Page A1 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 … 1

• Executive pay targeted

  October 22, 2009 in Business on Page A7 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

  September 14, 2009 in Nation/World 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

  September 1, 2009 in Business on Page A8 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 … 3

• Obama lashes out at AIG’s ‘recklessness’

  April 1, 2009 in City on Page A6 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

  March 30, 2009 in Nation/World 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.

• AIG execs agree to return millions

  March 24, 2009 in Nation/World on Page A3 New York Attorney General Andrew Cuomo said Monday that 15 employees who received some of the largest bonuses from American International Group Inc. have agreed to return the more than …

• Busload of protesters visit AIG execs’ homes

  March 22, 2009 in Nation/World on Page A2 FAIRFIELD, Conn. – A busload of activists representing working- and middle-class families paid visits Saturday to the lavish homes of American International Group executives to protest the tens of millions …

• House votes to tax AIG bonuses

  March 20, 2009 in Nation/World on Page A3 WASHINGTON – Struggling to keep ahead of public outrage, the House of Representatives on Thursday passed a bill to recoup most of the $165 million in bonuses paid to executives …

• Bailout reduced to offset bonuses

  March 18, 2009 in Nation/World on Page A1 WASHINGTON – The government will deduct $165 million in proposed aid to bailed-out American International Group Inc. to recoup the cost of bonuses paid to employees of the giant insurer … 1

• Obama blasts AIG’s ‘greed’ in paying executive bonuses

  March 17, 2009 in City on Page A8 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 …

• Latest AIG bailout likely won’t be last

  March 3, 2009 in Business on Page A8 WASHINGTON – A new definition of desperate times: Even as the government threw a stunning new $30 billion lifeline to American International Group on Monday, the beleaguered insurance giant confirmed …

• Wall Street tumbles; Dow closes below 7,000

  March 2, 2009 in Business, Nation/World NEW YORK — Investors’ despair about financial companies and the recession have brought the Dow Jones industrial average to another unwanted milestone: its first drop below 7,000 in more than …

• AIG to get another $30 billion, sources say

  March 2, 2009 in City on Page A3 WASHINGTON – American International Group will gain access to $30 billion more in taxpayer money as part of another restructuring of its federal bailout, sources involved in the negotiations said … 1

• Stress test details released

  February 26, 2009 in Nation/World on Page A8 The federal government released details of its “stress tests” for major banks Wednesday, saying they must be strong enough to weather a worse-than-expected economic scenario including a 22 percent drop …

• Congress grills bailed-out bankers

  February 12, 2009 in Nation/World on Page A4 WASHINGTON – The titans of Wall Street, already humbled by the financial meltdown, were hauled before Congress for the first time Wednesday to face the rage of a nation. Lined …

• Market balks at bailout rollout

  February 11, 2009 in Nation/World on Page A1 WASHINGTON – Treasury Secretary Timothy Geithner vowed Tuesday to bring the “full force” of the U.S. government to battle the financial crisis, assembling an unprecedented coalition of agencies and mustering …

• Entitlement culture can be hard to shake

  January 25, 2009 in Business on Page E5 NEW YORK – John Thain should have known the rules. After all, when he became CEO of the New York Stock Exchange in 2004, he replaced Richard Grasso – a …

• Senate OKs release of remaining bailout

  January 16, 2009 in Nation/World on Page A3 WASHINGTON – The Senate voted Thursday to release the second half of the Treasury’s hugely unpopular initiative to stabilize the fragile U.S. financial system, granting President-elect Barack Obama virtually unfettered …

• Bailout needs to trickle all the way down

  January 4, 2009 in Business on Page E1 There’s something to be said for a yearlong hiatus as business columnist: 2008? Not my fault. But certainly a missed opportunity, because the past 12 months were such a target-rich …

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