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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.11

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Dec 4 4:00 PM EST

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To: elmatador who wrote (53792)	8/20/2009 4:05:04 PM
From: Elroy Jetson	1 Recommendation Read Replies (2) of 218180

The U.S. Export Import Bank (Ex-Im Bank) is not a bank in anything other than name. Ex-Im Bank is the official export credit agency of the United States federal government. Eximbank is not lending money to Petrobras to fund their exploration or production. Eximbank is financing the purchase of American goods and services by Petrobras, because Petrobras has other collateral it can pledge to secure the loans. Eximbank was established in 1934 during the last Great Depression by an Presidential order, and made an independent agency in the Executive branch by Congress in 1945, for the purposes of financing and insuring foreign purchases of United States goods for customers unable or unwilling to accept credit risk. The mission of the Bank is to create and sustain U.S. jobs by financing sales of U.S. exports to international buyers. exim.gov en.wikipedia.org .

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