$BA $GE The Trump administration said Friday it wi
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Posted On: 04/17/2017 10:51:48 AM
$BA $GE The Trump administration said Friday it will nominate an outspoken critic of the Export-Import Bank to head the agency, just days after Pres. Trump appeared to reverse his position on the bank that the likes of GE and Boeing
(NYSE:BA) say is vital to their success. Former Rep. Scott Garrett, who
called the Ex-Im Bank a "fund for corporate welfare"
and voted twice against reauthorizing the bank while in Congress, will be nominated as the bank’s president.
Conservative Republicans have forced the Ex-Im Bank to remain mostly dormant for nearly two years through a lack of leadership, yet the appointment of Garnett and another former congressman to the
bank's board could allow lending to resume in earnest.
Read More: https://investorshangout.com/post/view?id=448...z4eWD18cOB
(NYSE:BA) say is vital to their success. Former Rep. Scott Garrett, who
called the Ex-Im Bank a "fund for corporate welfare"
and voted twice against reauthorizing the bank while in Congress, will be nominated as the bank’s president.
Conservative Republicans have forced the Ex-Im Bank to remain mostly dormant for nearly two years through a lack of leadership, yet the appointment of Garnett and another former congressman to the
bank's board could allow lending to resume in earnest.
Read More: https://investorshangout.com/post/view?id=448...z4eWD18cOB
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