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.
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.