Thursday, August 6, 2015

O! The Humanity! The ExImBank Closure!

So some secret welfare queen claims Boeing lost biz because of the EXIMBank shut down.
ABS, based in Bermuda and Hong Kong, terminated its order for the satellite in mid-July, citing the expiration of the trade bank's charter on June 30, according to the sources, who asked not to be named given the sensitivity of the issue.
O Puhleeeze!  It's not as if the EXIMBank actually shut down after being "not extended (temporarily)."
We are fully appropriated through FY2015 and will be able to continue operating after July 1, 2015.
They mean taxpayers's exposure.

If the deal was worth doing, conventional finance would cover it.  Such raw mendacity.

Feel free to forward this by email to three of your friends.