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EXPORT-IMPORT BANK: PRIVATIZED GAINS AND SOCIALIZED LOSSES

By Eric Peterson As Congress begins to wind down, the debate over whether to extend the life of the taxpayer-backed Export-Import Bank (Ex-Im) is continuing to heat up as its September 30th expiration date approaches.  Much has been written over the costs and shortcomings of the beleaguered bank as well as its corporate welfare aspects. In [...]