Export–Import Bank of the United States
bank
| Export–Import Bank of the United States link () Sourcewatch Website | |
|---|---|
| File:Export-Import Bank of the United States.svg | |
| Abbreviation | EXIM |
| Headquarters | Lafayette Building, Washington, D.C. |
| Leaders | Export-Import Bank of the United States/President, Export-Import Bank of the United States/Chairman |
| Staff | 402 |
| A spooky bank, central in US power projection around the world | |
The Export–Import Bank of the United States (abbreviated as EXIM or the Bank) is the official export credit agency (ECA) of the United States federal government.[1][2] Operating as a wholly owned federal government corporation,[1] the Bank "assists in financing and facilitating U.S. exports of goods and services".[1] Under its charter, the Bank does not compete with private sector lenders, but rather provides financing for transactions that would otherwise not occur because commercial lenders are either unable or unwilling to accept the political or commercial risks inherent in the deal.
Malpractice allegations
Diane Katz, a Research Fellow in Regulatory Policy at The Heritage Foundation testified to the United States House of Representatives in 2014 that "the bank’s OIG and the U.S. Government Accountability Office have repeatedly documented transgressions in bank operations, including inadequate due diligence and insufficient risk management."[3]
Staff
William J. Casey (Later Director of Central Intelligence) was Chairman of the Export-Import Bank of the United States from 1974 to 1976. John Macomber was president from 1989 to 1992.
September 11, 2001
The Export-Import Bank of the US occupied floor 6 of World Trade Center 7 which was destroyed in the September 11 attacks.[4]