Rep. Justin Amash Wants To Kill the Zombified Remains of the Export-Import Bank

 

It came very close to being killed a few of years ago.

Known as “Boeing’s Bank,” with loans underwritten by the US taxpayer, The Export Import Bank should die. It is a classic case of big time corporate crony capitalism.

(From Reason)

The Export-Import Bank was mostly dead before being resurrected in 2015 as a shell of its former cronyist self, but now Rep. Justin Amash (R–Mich.) is aiming to finish it off…

…Aircraft maker Boeing is the biggest beneficiary of the bank’s taxpayer-backed largesse, receiving as much as 70 percent of all Export-Import Bank loan guarantees and 40 percent of all handouts in some years, while GE, Caterpillar, and the Sikorsky Aircraft Corporation are other common beneficiaries.

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