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Tuesday, July 14, 2015

Hillary Clinton and Ex-Im's Biggest Ever Loan Appear Intimately Connected

The Largest Loan in Ex-Im History Is Covered in the Clintons’ Fingerprints 

Few in the odd coalition of Left and Right pushing for reauthorization of the 81-year-old Export-Import Bank have been louder than Democratic presidential candidate Hillary Clinton. “It’s wrong that candidates for president, who really should know better, are jumping on this bandwagon,” she said at a May 22 campaign stop in New Hampshire. “It’s wrong, it’s embarrassing. . . . The idea that we would remove this relatively small but vital source of funding for our businesses to compete is absolutely backwards.”

Clinton’s defense of Ex-Im may be motivated by more than mere concern for American businesses. Critics have argued that her family’s byzantine network of political and business interests benefits tremendously from the bank’s low-interest loans, and previous investigations have raised questions about the bank’s independence from the Clintons’ political pressure. One Ex-Im deal in particular stands out in this regard, both for its sheer size and for its remarkable number of connections to Clinton friends, donors, organizations, and acolytes. From a secretive consulting stint by a top Hillary Clinton aide that’s raised conflict-of-interest concerns, to the Clintons’ close personal and business relationship with the receiving firm’s CEO, the largest loan in the bank’s 81-year history appears covered in Clinton-family fingerprints.


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