It’s preposterous. There’s no problem that’s getting addressed with this solution, this is a solution in search of some problem.
The Case for the Export-Import Bank
… In addition: Chapter The Case for the Export-Import Bank Page number 726 … The truth is that EXIM provides financing only … - page 726
… usually in the form of a loan or loan guarantee, the borrower pays interest rates that are driven by the market. Chapter The Case for the Export-Import Bank Page number 726 … • When EXIM does provide financing, … - page 726
… of the transactions. Chapter The Case for the Export-Import Bank Page number 726 … • EXIM does not undercut the private sector. It … - page 726
… • All transactions must have “reasonable - 10514 • All transactions must have “reasonable assurance of repayment,” which Chapter The Case for the Export-Import Bank Page number 726 … • All transactions must have … - page 726
… 0.5 percent—a default rate that is the envy of private banking. Chapter The Case for the Export-Import Bank Page number 726 … is why EXIM has an exceptionally low default rate, … - page 726
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