You didn’t know this corporate welfare agency existed. Now, banks and Boeing want it renewed for 25 years
(From The Washington Examiner)
PEFCO is a taxpayer-backed subsidy for banks that are already getting taxpayer backing for their financing of U.S. exports — mostly Boeing jets.
PEFCO is a partner of the Export-Import Bank, a federal agency that subsidizes Boeing and other U.S. exporters, and PEFCO may soon be reauthorized for 25 more years without any oversight or objection — either from the party that supposedly believes in government, the party that supposedly resists the big banks, or the president who supposedly wants to drain the swamp.
This article was originally posted here: https://www.ac2news.com/2020/09/you-didnt-know-this-corporate-welfare-agency-existed-now-banks-and-boeing-want-it-renewed-for-25-years/.