Wednesday, April 11, 2012

BARRY’S BANK, OBAMA WANTS CONGRESS TO EXPAND CONTROVERSIAL EXPORT-IMPORT BANK TIED TO BANKRUPT GREEN ENERGY COMPANIES

The Export-Import Bank screams corporate welfare and crony capitalism.  Republicans and Democrats are both huge supporters of this corporatist slush fund.
The Export-Import Bank of the United States (Ex-Im) is a little-known institution that has become a hot topic in Washington as Congress debates whether to extend its authorization and increase its lending capability. The bank is also a hotbed of crony capitalism—run by political donors for the benefit of political donors. The bank’s board of directors—appointed by the president and approved by the Senate—is stocked with large political donors and campaign bundlers.
Read the rest here
The Washington Free Beacon