Clinton’s dirty fingerprints on largest Export-Import Bank loan

Here is the latest scandal reveal of the Clintons that ties together the Import-Export bank, Dow Chemical, the Saudis, a convicted felon, add Huma Hillary’s gal pal, the Clinton Global Initiative and pure greed. A great read.

Few in the odd coalition of Left and Right pushing for reauthorization of the 81-year-old Export-Import Bank have been louder than Democratic presidential candidate Hillary Clinton. “It’s wrong that candidates for president, who really should know better, are jumping on this bandwagon,” she said at a May 22 campaign stop in New Hampshire. “It’s wrong, it’s embarrassing. . . . The idea that we would remove this relatively small but vital source of funding for our businesses to compete is absolutely backwards.”

Clinton’s defense of Ex-Import may be motivated by more than mere concern for American businesses. Critics have argued that her family’s byzantine network of political and business interests benefits tremendously from the bank’s low-interest loans, and previous investigations have raised questions about the bank’s independence from the Clintons’ political pressure. One Ex-Im deal in particular stands out in this regard, both for its sheer size and for its remarkable number of connections to Clinton friends, donors, organizations, and acolytes. From a secretive consulting stint by a top Hillary Clinton aide (Huma) that’s raised conflict-of-interest concerns, to the Clintons’ close personal and business relationship with the receiving firm’s CEO, the largest loan in the bank’s 81-year history appears covered in Clinton-family fingerprints.

The Ex-Im Board voted to approve Sadara’s request for a loan on August 22, 2012. By September 27, they had decided on an amount — $4.975 billion, the largest loan in the Ex-Im Bank’s history. Heritage Foundation scholar and Ex-Im Bank expert Diane Katz is surprised by the loan’s size, particularly considering the beneficiaries. “Dow Chemical hardly needs to benefit from subsidies,” she says, “and I suspect that the House of Saud really doesn’t need U.S. taxpayer subsidies.” The Ex-Im Bank describes itself as a “lender of last resort,” providing financing only to companies that cannot fund themselves or earn private financial banking.

Read more National Review

Published on Jun 17, 2015

The Export-Import Bank sends our tax dollars overseas, hurts American jobs, and has a history of corruption. What does Hillary Clinton want to do with it? Put it “on steroids.”
Learn more at ExImExposed.org

Senate approves Export-Import Bank after Obama trashes charter

When  I caught this post from The Hill that the Senate had approved the Export-Import bank vote, it certainly rang a bell with me. Indeed, Obama changed the charter back in February without so much as a ” how did he do that” comment from much of anyone. He trashed the charter so he could compete with U.S. banks and give out money to the greenies. First the good news:

The Senate passed legislation reauthorizing the Export-Import Bank on Tuesday after voting down five amendments that would have limited the program’s scope and power.

The passage of the bill, in a 78-20 vote, sends the legislation to President Obama, who is expected to sign the reauthorization, which runs through September 2014.

The reauthorization also ends an unexpectedly long fight on Capitol that divided the Republican Party.
 
The Export-Import Bank is generally considered a noncontroversial bill, but it came under attack this year from conservatives who argued it was a form of corporate welfare that distorted free trade.

Obama trashes Import Export Bank Charter – February 19, 2012

Here he goes again. Throwing out the Charter to the Import-Export bank. What was in effect for 80 years, he just says now that is an annoyance. Best part is that he will no doubt give preference for Green companies. He is moving on to finalize the taking over of all banking, you betcha. If he gets by with this, there will be no end if he subverts  Bank Charters. GOP? I can’t hear you! American Thinker has the whole thing, if you have the stomach for it on a Sunday.

Acting without any legal authority, President Obama has overridden the federal charter of the Export-Import Bank, and turned it into a competitor for domestic loan business, in utter defiance of the law.  Hardly anyone has noticed or seems to care. Speaking at a Boeing assembly plant in Everett, Washington Friday, President Barack Obama announced a bold new plan to help American exporters:  he would broaden the services of the Ex-Im Bank to help grow our exports.

He has also announced that he will order the Ex-Im Bank to begin making short-term financing loans of six to twelve months — not necessarily connected to any export sales! — to small domestic firms who want to increase their exporting activity.  That’s so open-ended, it can mean anything and include any company.  Not that there’s anything wrong with loans to small businesses; it’s just that this is not the job of the Ex-Im Bank.  Short-term loans to domestic businesses are for normal domestic banks to offer; that’s what the business department of every bank in the country is for!

Well, if there’s one thing we’ve learned from watching the Obama Administration in action for three years, if there’s anything they despise, it’s pesky laundry lists of rules that limit executive desires.

Read more: Amercan Thinker

Obama trashes Import-Export Bank, now competes with Banks

Here he goes again. Throwing out the Charter to the Import-Export bank. What was in effect for 80 years, he just says now that is an annoyance. Best part is that he will no doubt give preference for Green companies. He is moving on to finalize the taking over of all banking, you betcha. If he gets by with this, there will be no end if he subverts  Bank Charters. GOP? I can’t hear you! American Thinker has the whole thing, if you have the stomach for it on a Sunday.

Acting without any legal authority, President Obama has overridden the federal charter of the Export-Import Bank, and turned it into a competitor for domestic loan business, in utter defiance of the law.  Hardly anyone has noticed or seems to care. Speaking at a Boeing assembly plant in Everett, Washington Friday, President Barack Obama announced a bold new plan to help American exporters:  he would broaden the services of the Ex-Im Bank to help grow our exports.

Well, if there’s one thing we’ve learned from watching the Obama Administration in action for three years, if there’s anything they despise, it’s pesky laundry lists of rules that limit executive desires.

He has also announced that he will order the Ex-Im Bank to begin making short-term financing loans of six to twelve months — not necessarily connected to any export sales! — to small domestic firms who want to increase their exporting activity.  That’s so open-ended, it can mean anything and include any company.  Not that there’s anything wrong with loans to small businesses; it’s just that this is not the job of the Ex-Im Bank.  Short-term loans to domestic businesses are for normal domestic banks to offer; that’s what the business department of every bank in the country is for!

Read more: Amercan Thinkerdiv>

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