Latest from The Spokesman-Review

• McMorris Rodgers blasts TARP

  April 6, 2012 in City on Page A5 Rep. Cathy McMorris Rodgers launched her re-election bid this week with familiar criticism of big-government programs – including one that is widely credited with saving hundreds of good-paying jobs in … 17

• Washington Trust repays TARP debt

  October 15, 2011 in City on Page A10 Washington Trust Bank has repaid its $110 million TARP obligation to the U.S. Treasury Department. At the same time, the Spokane-based bank borrowed $89.1 million from a different Treasury program …

• 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

• Caldwell: Bank’s good fortune ultimately hurt it

  November 7, 2010 in Business on Page E1 Cheap capital almost killed AmericanWest Bank. Documents filed with the U.S. Bankruptcy Court on Oct. 27 describe how money raised while the bank was growing snarled efforts to raise new … 3

• Bert Caldwell: Costs high, benefits higher in saving Sterling

  September 5, 2010 in Business on Page E1 The successful recapitalization of Sterling Financial Corp. may well be the best economic news of 2010 for Spokane. Thanks in part to that “bailout” we all say we hate. 4

• Sterling Financial paying millions to new chairman

  August 31, 2010 in Business on Page A8 New Sterling Financial Corp. Chairman Les Biller was paid $1.5 million to accept the position, and will receive a total $4.5 million by Dec. 31, 2012, unless he resigns. Biller’s …

• Sterling turns the corner after cease-and-desist order

  August 29, 2010 in Business on Page E1 A new Sterling Financial Corp. management team did not know what would be expected of them in October 2009. Federal and state regulators had forced the board of directors to … 5

• Treasury accepts Sterling discount

  April 30, 2010 in Business on Page A12 The U.S. Treasury will accept a steep markdown of its investment in Sterling Financial Corp. as part of a recapitalization plan, the Spokane company announced Thursday. The markdown was a … 1

• Boston equity firm invests $134.7 million in Sterling

  April 28, 2010 in Business on Page A1 Thomas H. Lee Partners, a Boston private equity firm, will invest $134.7 million in struggling Sterling Financial Corp. as part of the Spokane bank-holding company’s ongoing effort to raise enough … 1

• Administration reduces bailout cost estimate

  April 23, 2010 in Business Treasury Secretary Timothy Geithner is telling Congress that the administration believes the final cost of the government’s heavily criticized financial bailout effort could be as low as $87 billion. 1

• March budget deficit declines to $65.4B

  April 12, 2010 in Business, Nation/World The budget deficit for March showed a dramatic decline as the Obama administration formally entered a lower ultimate cost for the government’s $700 billion financial bailout program.

• Bank is bright spot in federal bailouts

  March 30, 2010 in Business on Page A8 NEW YORK – Bank bailouts are turning out to be great business for the government. Unfortunately for taxpayers, other federal rescues will almost certainly wind up in the red. The … 2

• Feds offer Sterling a break to help it stay in business

  March 16, 2010 in Business The U.S. government is giving Sterling Financial Corp. a break on the $303 million the Spokane bank-holding company owes it in an effort to help Sterling attract new investors and … 10

• 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

• 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

• Banks to return bailout money

  June 10, 2009 in Business on Page A10 WASHINGTON – Ten of the nation’s biggest financial companies got a green light Tuesday to return $68 billion in federal bailout money – freeing the banks from limits on executive …