A bank with Congress in its pocket

barryqwalsh

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Ex-Im is called ā€œBoeing’s Bankā€; America’s largest airplane manufacturer last year was the beneficiary of nearly 70 percent of the bank’s long-term loan guarantees, which lowers the cost of credit for foreign purchasers of Boeing aircraft. This, however, makes foreign airlines more competitive with U.S. international carriers such as Delta, which vigorously objects. Hochberg counters that Delta benefits from Ex-Im financing: The bank helps finance foreign airline engine overhaul se

A bank with Congress in its pocket - The Washington Post
 
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