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"Export Import Bank"

Cronyism: The Export-Import (Ex-Im) Bank

May 8, 2012

At the end of this month, the Congressional reauthorization for the bank expires. The purpose of the Export-Import Bank is a worthy one: promoting products made in America to be sold across the globe. However, once the federal government gets in the business of banking, you have a problem because it is picking winners and losers.