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Politics : The Obama - Clinton Disaster
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To: GROUND ZERO™ who wrote (32200)6/23/2010 11:20:57 AM
From: DuckTapeSunroof  Read Replies (1) of 103300
 
The Export-Import Bank doesn't give loans domestically.

NEVER HAS.

It's goal is to promote big-ticket AMERICAN EXPORT SALES.

They give loans to BIG FOREIGN PURCHASERS of AMERICAN PRODUCTS specifically to support and enable those biggest purchases of American goods.

That is what they have always done since (what? 1949 or something like that?)

Typical loans might be something like to Egypt's government (for them to then purchase American wheat in vast quantities) or, as this example, to Brazil-backed PetroBra to buy gobs of American drilling equipment, computer services, specialized alloy pipe, drill platforms and other services....

That is the 'bigger picture'.
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