If The Export-Import Bank Is So Great…
Posted by Martin C. Fox on June 28, 2015
The E-I bank made 20 some billion dollars last year, if we choose to believe the government. If it makes so much moolah then why wouldn’t private banks offer these loans?
The obvious benefit of E-I loans is that if the loans go bad the taxpayer takes the heat either through higher taxes and/or inflation due to printing dollars to make up the difference. But this is no different than government backed mortgages and school loans made by banks. There is no risk for the bank, just the taxpayer.
There is a snake borrowed deep in the woodpile. Whatever it is it likely involves the Fed and it’s joined at the hip twin Goldman Sachs.
Be seeing you