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Also, neither Solyndra nor Enron were ever clients of Exim Bank.... despite other erroneous blog posts and articles claiming so.... the Bank guaranteed loans to Enron and Solyndra customers, and those loans were repaid, and the Bank made over $119 million in fees and sustained no losses. Last year the Bank helped support the jobs of about 290,000 export workers. Are you opposed to American jobs that don't cost the government a cent to support?
Mr. Darling, you need to do some research, as your article repeats errors made by other bloggers. First, the taxpayers do not pay for the operation of the Bank. Second, the taxpayers have not had to pay any losses (which are very lo begin with --- less than 2%) .... all claims are paid from the reserves the Bank has accumulated from the fees that it charges.... Third, the Bank has made a profit of almost $5 billion since the early 90's. And fourth, contrary to your column, the Bank has never asked for nor has it received a $3 billion bailout. Yes there were newspaper articles saying the Bank might need it, but that became unnecessary and there was never a request nor bailout. Oh, and by the way, the Bank was formed in 1934, not 1932.
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