American Transparency

American Transparency Exposes Crony Boondoggle for Ex-Im Insiders

In a report that is truly shocking, even by today’s standards of insider pillaging of the American Treasury, openthebooks.com, a project of American Transparency, has documented how large private banks processed more than $127 billion in Ex-Im supported transactions since 2007, while having an ownership stake in the private bank empowered to trade on the guaranteed loan portfolio of Ex-Im.