The Export-Import Bank is a federal agency that subsidizes U.S. exports. Ask the business lobby or the Obama administration, and they’ll tell you Ex-Im is all about small business. That’s not what Wall Street thinks, apparently.
Boeing stock dropped 2.3 percent starting at the opening bell today, and closed there, while the market as a whole was basically flat, closing down 0.32 percent. Bloomberg News cited market analysts who peg this drop to the loss of Eric Cantor, Ex-Im’s most important defender in the House:
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