Wednesday, April 11, 2012

Bank For Donors: Obama wants Congress to expand controversial Export-Import Bank tied to bankrupt green energy companies

The Washington Free Beacon reports on who's getting loans subsidized by federal taxpayers:
Recipients include a host of politically connected green-energy companies—by law, 10 percent of Ex-Im financing must support renewable energy—and large corporations such as General Electric and Boeing. The Chicago-based airline manufacturer, which is ranked 36th on the 2011 Fortune 500 list, received more than 40 percent of total Ex-Im financing in fiscal year 2010.
Welfare for the well-to-do.