Skip to Content

Egregious Ex-Im Bank Deal of the Day

Washington, July 23, 2014 | Staff
 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?

 

###
Back to top