[tophat9000]

ok..what is the Ex Im Bank

[11th Commandment]

EXIM bank is the Import Export Bank for the US. In theory it helps US companies secure guarantees for product shiped to oversee buyers. You may recall Obama made a big deal of an EXIM Bank guarantee for a Brasilian Oil Company to offshore drill. The US company's sale of the equipment to the Brasil Company is now guarnatee by the US goverment.

The joke in export credit circles in that EXIM is the Bank of Boeing becuase most of its loan volume is for Airplane Export.

[billhilly]

Export/Import, headquartered in Washington.

[Gen-X-Dad]

Don’t focus to much on the Export part of the bank, it is mainly used to pay multinationals to relocate to other countries so they can Import back to America. The multinationals avoid our burdensome corporate taxes and the political sock puppets get funded for their next reelection as they systematically dismantle our industry and work force.

The global free traders love this arrangement so they must be feeling the heat now that the number of Americans with a full time job are the minority. Economic strip mining works great, in the short term, to bad the damage is done and they are just now starting to clue in.