Unsubstantiated Attacks on the Ex-Im Bank Fail to Take Flight

July 18, 2014

Bent on decrying ‘crony capitalism,’ the Wall Street Journal is misusing a new S&P report to discredit the Ex-Im Bank. The report’s actual finding, however, is that without Ex-Im financing support, Boeing would see a finance gap of $7 billion to $9 billion. The report demonstrates that the Ex-Im Bank is fulfilling its mandate to provide financing that enables American Exports where demand exist but credit institutions are unwilling or unable to finance deals.