When a company doesn't pay back its loan, American taxpayers foot the bill. When a company earns money from the transaction, it pockets the profits. That's a bad deal.
Monday, March 23, 2015
CRONYISM: THE EX-IM BANK IS A BAD DEAL
The Export-Import Bank is a federal agency that provides credit, insurance, and loans – all guaranteed by U.S. Taxpayers – to foreign and domestic companies in an effort to promote U.S. exports.
When a company doesn't pay back its loan, American taxpayers foot the bill. When a company earns money from the transaction, it pockets the profits. That's a bad deal.
When a company doesn't pay back its loan, American taxpayers foot the bill. When a company earns money from the transaction, it pockets the profits. That's a bad deal.
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