Wednesday, June 25, 2014

‘Zero tolerance’ for corruption at Ex-Im bank, says White House

The Hill reports:
President Obama will have "zero tolerance" for fraud and corruption at the embattled U.S. Export-Import Bank, the White House said Tuesday, amid reports that the bank has suspended or removed four officials over alleged kickbacks.

But the White House said it does not believe the allegations will complicate efforts to renew the charter of the controversial government lending institution, which helps to underwrite U.S. exports.

"I can assure that the president of the United States has zero tolerance for waste, fraud and abuse," White House press secretary Josh Earnest said Tuesday. "I know that the Ex-Im Bank is working with the inspector general, and they take very seriously reports like these."

The Obama regime promises honest rent-seeking! How about that for an oxymoron?