To: Cincinatus' Wife
June 25, 2014 - NRO Editors: The Ex-Im Bank: Crony Capitalism in Action - "Few Americans would be surprised to learn that a government agency that hands out generous loans and credit guarantees to a select number of corporations is corrupt and poorly managed. This impression has been repeatedly affirmed by the Export-Import Banks inspector general. The bank has a long history of dealing with dodgy firms and doling out suspiciously large amounts of loans to certain companies.................................."
Problem is, it's the only available option for small businesses to fund exports, AND it generates a billion to the Treasury every year. Clean it up, don't kill it.
2 posted on
06/25/2014 4:09:27 AM PDT by
BikerJoe
To: BikerJoe
They tried cleaning it up. They didn't carry out reforms in the last reauthorization.
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