Is ‘Boeing’s Bank’ heading for a jumbo-jet bubble?

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President Obama’s favorite export agency devoted two-thirds of its taxpayer-backed loan guarantees to subsidize Boeing sales last fiscal year.

The Export-Import Bank of the United States is a federal agency that subsidizes U.S. exports through loans and loan guarantees to foreign buyers of American-made goods. U.S. taxpayers bear the ultimate risk if these loans go bad.

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