Quote:
Originally Posted by xoxoxoBruce
Washington Post
The Ex-Im Bank loans money, your tax money, to promote business.
The borrowers;
#1 PEMEX Oil owned by the government of Mexico - $7 Billion.
#2 Emirates Airlines owned by the government of Dubai - $3.34 Billion.
#3 State-owned Kenya Airways.
#4 State-owned Air China.
#5 Russia’s state-owned bank VEB.
#6 Roy Hill mining, owned by Australia’s richest woman, a multibillionaire.
All the Democrats, and most of the Republicans voted to continue the Im-Ex Bank.
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To be fair, the loans are contingent on them using the money to buy US products. So the money still primarily goes to large corporations, but US ones.