Some critics of Ex-Im Bank have called it “Boeing’s Bank”.
Check it out:
In the seventeen-year span from 1997 through 2013, the Export-Import Bank of the United States, which is an agency of the federal government, provided 65.4 percent of its loan guarantees to foreign organizations so they could buy products from Boeing, according to the bank’s annual reports.
The Ex-Im Bank has posted its annual reports going back to 1997 on its official website. They show that between 1997 and 2013, this federal government bank guaranteed $142,870,200,824 in loans made by private banks to foreign organizations that used the money to buy U.S. manufactured products. $93,468,763,440 of these loan guarantees–or 65.4 percent of the total amount guaranteed by the U.S. government– went to foreign organizations that were purchasing Boeing products.