finance

Kevin Wolf / Associated Press

Washington state will receive more than $21 million from a settlement with financial services company Standard & Poor's.

The company was accused of inflating credit ratings and misleading investors in the run-up to the 2008 financial crisis.

The deal was part of a $1.4 billion agreement with the federal government and 18 other states.

Attorney General Bob Ferguson said it was among the state's biggest won consumer payouts.

MathTeacherGuy / flickr

The state of Washington paid out nearly $50 million last fiscal year to people who were somehow harmed by the state. The numbers were released Tuesday in an annual report on “tort claim payouts.”

Millions of Americans get financial advice from pundits on talk radio and cable television.

Since the 2008 financial crisis, many of those pundits have gotten a bad name for failing to warn investors about the crash. Yet public frustration has done little to hurt the financial media industry as a whole.

In their new book, Clash of the Financial Pundits, Joshua Brown and Jeff Macke argue that financial punditry is not going anywhere; it's been around as long as there have been economies.

Timothy Geithner was president of the New York Federal Reserve when the Wall Street bank Lehman Brothers collapsed in 2008. A few months later, he became Treasury secretary as the crisis deepened on his watch.

Geithner received mixed reviews of his performance during that time. Wall Street types take him for a champion of excessive government intervention and regulation, while Occupy Wall Street types consider him a tool of the banks. Geithner, however, says he was just trying to get the financial system out of a multifaceted crisis with the threat of a Great Depression looming.

Massachusetts Sen. Elizabeth Warren became an unlikely media star following the 2008 financial crisis.

She was a plainspoken law professor from Harvard who advocated on behalf of families and consumers affected by the Wall Street meltdown.

Warren was brought to Washington to help monitor the multibillion-dollar bank bailout package.

As part of that work, Warren helped to create the Consumer Financial Protection Bureau — a watchdog agency that oversees and enforces consumer finance laws.

Minority Democrats in the Washington Senate want to tax oil refineries, bottled water, prescription drug resellers and out-of-state shoppers.

Most people who follow the headlines are aware of the lifestyles of Wall Street's titans — and the vast bonuses that fund those lives of luxury. Kevin Roose's new Young Money looks at the bottom of that ladder: the college kids who arrived on Wall Street after the economic crash of 2008, prepared to put their noses to the grindstone in the hopes of making it big — or just making a decent living.

Oregon has released the first-ever study on the financial exploitation of adults with disabilities and the elderly.

Washington schools chief Randy Dorn says the time has come to raise taxes to increase funding for public education. And he’s prepared to lead the fight.

Governor Jay Inslee says the state of Washington is in a good position to convince Boeing to build the next version of its triple-seven wide-body jet here.

Pages