New Report on Export-Import Bank Finds Problems With Transparency, Cronyism
Zero Motorcycles, a beneficiary of $3 million in Ex-Im financing, pushed competitor Brammo out of the market. Brammo was purchased by Polaris, which received $6.3 million in Ex-Im financing.
By Heritage Foundation Melissa Quinn—— Bio and Archives--June 2, 2015
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A new report that takes a deep dive into the Export-Import Bank’s transactions found that in addition to heavily subsidizing large corporations, the government agency benefited some small businesses while pushing others out of the market. It also rewarded a former employee who pleaded guilty for bribery with a six-figure salary and bonuses.
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