Export-Import Bank is a swampy tool of self-enrichment for insiders

The Export-Import Bank of the United States is a corporate-welfare agency that puts U.S. taxpayers at risk when foreign companies, and foreign governments, buy U.S. goods on credit. Standing at this intersection of multinational business deals, banking, bureaucracy, and Big Government, it’s no surprise that Export-Import is also characterized by corruption and self-enrichment — of both the legal and illegal nature.

Foolishly, the Republican Senate is on the verge of reviving Export-Import on Wednesday.