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Humpty Dumpty Goes Banking
Illinois Review ^ | February 20, 2012 A.D. | John F. Di Leo

Posted on 02/20/2012 8:17:47 AM PST by jfd1776 2012, after eighty years of the Ex-Im Bank successfully and happily obeying its charter, President Obama has directed the Ex-Im Bank to violate it wholesale.

Instead of only loaning to good foreign risks, he wants them to loan to American companies (in competition with American banks). Instead of only making loans attached to, and collateralized by, American export shipments of physical goods, he wants them to make start-up loans, short-term finance loans, bridge loans, that have nothing to do with export shipments (though they might help the companies become exporters, in the same way that if you give me a bottle of Gatorade and a pair of Reeboks, maybe I’ll become an Olympic track star).

We all know that there’s a federal agency already in place for the sort of thing he’s talking about: the Small Business Administration. If companies want loans, they can go to a bank; we have thousands of them. If banks don’t think they’re a good enough risk in this Obamacized economy, the companies can turn to the SBA. And if the president doesn’t think that the SBA has enough capitalization to support all of them, he can ask Congress to authorize more capital for them to work with.

So why the Ex-Im Bank instead? Why does this president want to force a government-chartered bank to break its charter to loan only on export shipments to foreign customers, and to instead loan to domestic customers with only the most ephemeral connection to exports? There must be a reason....

Read the entire article in Illinois Review at

(Excerpt) Read more at ...

TOPICS: Business/Economy; Government; Miscellaneous; Politics
KEYWORDS: alreadyposted; bank; exim; export; obama
President Obama has announced a new plot to undermine America's exporters... by diverting a principle resource: the Ex-Im Bank of the United States. How Dare He???
1 posted on 02/20/2012 8:17:56 AM PST by jfd1776
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To: jfd1776

Your blog makes no sense, John. Why not post the whole thing so we’ll have some context instead of incoherent jibberjabber?

2 posted on 02/20/2012 9:14:31 AM PST by Larry Lucido (My doctor told me to curtail my Walpoling activities.)
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To: Larry Lucido

Because my article starts out with a hook about Humpty Dumpty’s encounter with Alice in Wonderland.

While it works in context, just displaying the first couple of paragraphs on Free Republic would look much more nonsensical, in my opinion.

I could be wrong, but while the whole article works as an article, its first couple paragraphs, displayed on the Freeper scroll, wouldn’t work.


3 posted on 02/20/2012 9:18:58 AM PST by jfd1776
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To: jfd1776; shibumi

Understood. Excerpting in general makes no sense at all. It’s merely a necessary evil to satisfy those sources who threaten to sue FR.

Since you obviously won’t sue FR for posting entire articles yourself, you don’t need to excerpt, and thus don’t need to pick and choose what to post and what not to post.

Post the entire entry. Problem solved. :-)

4 posted on 02/20/2012 9:24:37 AM PST by Larry Lucido (My doctor told me to curtail my Walpoling activities.)
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To: Larry Lucido

Understood, thanks... but my point was, even if I post the whole entry, what appears in the scroll would be the first two paragraphs about Alice in Wonderland... and I don’t think people will click on that.

But maybe I’m wrong... I’ll give it a try!


5 posted on 02/20/2012 9:36:50 AM PST by jfd1776
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To: jfd1776; Larry Lucido

You’ll get a lot more good will here if you don’t excerpt unnecessarily. Bloggers who actually act as members of this community tend to prosper.

Users, well, not so much.

Good Luck!

6 posted on 02/20/2012 9:57:55 AM PST by shibumi (Cover it with gas and set it on fire.)
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To: shibumi

Thanks very much for the advice!

7 posted on 02/20/2012 10:10:30 AM PST by jfd1776
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8 posted on 02/20/2012 10:54:50 AM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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