20 September 2011 0 Comments

Export-Import Bank Part 5 – General Electric’s Billion Dollar Taxpayer Subsidy

CATO’s Sallie James analyzes US Export-Import Bank, its stated purposes and real world result Time to X Out the Ex-Im Bank

 

Table 2 Top 10 U.S. Beneficiaries of Export -Import Bank Loans and Long-Term Guarantees, FY2010

General Electric Co.

Total Revenues $150,211,000, 000

Total Long Term Guarantees $ 1,043,000, 000   –

7.2 % of all Export –Import Loan Guarantees

The Export-Import Bank of the United States  Official Site

 

 

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