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Cheap Loans Subsidized By U S Taxpayers Aid Exporters
U S exporters and foreign buyers access low 6 percent Eximbank loans financed by government subsidies and private bank funds. Eximbank, with 1945 Treasury capital and retained earnings, funds loans for nuclear plants, jets, and a Russian truck factory, while critics warn of domestic inflation and misaligned incentives.
MENTIONED IN THIS ARTICLE
U.S
Eximbank
John Petty
Lehman Brothers
the Treasury
Bank of Tokyo
United States
Senate
Petty
Glick
Germany
France
Japan
Bank
Nixon
Senate Banking Committee
General Accounting Office
Congress
GAO
Treasury
Lehman
Ing