Top Obama Export-Import Bank appointee joins Boeing

The Washington Examiner reports:

Kevin Varney, chief of staff at the Export-Import Bank for Obama's first term, joined Boeing as a director this month, according to his LinkedIn page.

Boeing is by far the largest recipient of Export-Import Bank subsidies — typically benefitting from about 40 percent of all Ex-Im financing. The charter for Ex-Im, a federal agency often called "Boeing's Bank," will expire at the end of June unless Congress renews it. Conservatives are fighting to let the Bank die. Boeing — along with the Chamber of Commerce, the National Association of Manufacturers, and some bank lobbyists — is leading the charge for reauthorization.

Varney left Ex-Im in 2013 and joined a consultancy called 32 Advisors, founded by banker and Obama golfing buddy Robert Wolf. RedState has a story on the many revolving door connections between 32 Advisors and Ex-Im, but the new detail is that Varney has jumped to Boeing.

A look at the rent-seeking society up close.