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  • U.S. to Fund Chinese Agency Aiding Iranian and Pakistani Nukes

    03/02/2005 3:03:57 PM PST · by Bald Eagle777 · 9 replies · 509+ views
    Human Events ^ | March 2, 2005 | Timothy P. Carney
    There is an arm of the Chinese government that has repeatedly aided the nuclear weapons programs of Pakistan and Iran. Now that arm is in line for a $5-billion loan deal from the U.S. government--for the benefit of two major U.S. corporations. The Export-Import Bank of the United States (Ex-Im), an independent federal agency that finances exports, has granted a preliminary commitment for the largest deal in it is history: $5 billion in loans and loan guarantees to the China National Nuclear Corporation (CNNC) to build nuclear power plants. According to U.S. government reports, CNNC has been tied to at...