Pew Analysis Shows More Than 60 Percent of Export-Import Bank Loan Guarantees Benefited Single Company
News release: “The Export-Import Bank (Ex-Im)the official government agency subsidizing U.S. exports of goods and servicesprovided nearly two-thirds of its long-term loan guarantees over the last two years to a single corporate entity, according to analysis released [11/09/09] by Pews Subsidyscope project. In FY2007 and FY2008 combined, Ex-Im issued $15.3 billion in long-term loan guarantees. …