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Egregious Ex-Im Bank Deal of the Day

July 23, 2014



July 23, 2014

Egregious Ex-Im Bank Deal of the Day

e*gre*gious -- outstandingly bad; shocking.

The Export-Import Bank - Helping Those Who Can Help Themselves

Mexican Company Admits It Doesn't Need Ex-Im's Help, But Since It's Offering...

Mexico-based satellite operator known as Satmex announced it doesn't need a loan from the Export-Import Bank to finance the purchase of Boeing satellites.

But that's no reason not to take the "free money" financed by hardworking U.S. taxpayers through Ex-Im, is it?

In a conference call with investors, Satmex's CEO Juan Garcia "said the company is nonetheless still working" to receive "a low-interest loan" from Ex-Im for $255.4 million, according to a report in SpaceNews.

If a company can finance a project without Ex-Im, why should it get money from Ex-Im?


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Source: Congressional Documents & Publications


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