How the Ex-Im Bank Enables Cronyism and Wastes Taxpayer Money

The Export-Import Bank of the United States, sometimes called “Boeings bank,” is classic crony capitalism. It was almost shuttered a few years ago. Now both Republicans and Democrats in Washington have given it new life.

(From CEI)

This paper, while it urges Ex-Im’s closure as the best policy option, focuses on second-best reforms, given the likelihood that Ex-Im will be reauthorized. The Bank has bipartisan support—especially from the congressional delegations from Washington State and South Carolina, where Boeing has major manufacturing facilities—and President Trump has indicated support for Ex-Im as part of his trade agenda.