Jun
03

Ex-Im Renewal Gives Wall Street ‘Wet Kiss,’ Hensarling Says

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The bank’s chairman disputes assertions that the bank provides corporate welfare.

Democrats backing reauthorization of the Export-Import Bank are giving Wall Street a “big, wet kiss,” a House committee leader who wants to kill the bank told Ex-Im Chairman Fred Hochberg at a hearing Wednesday.

“Big banks profit off Ex-Im like few others,” said House Financial Services Chairman Jeb Hensarling, a Texas Republican and one of the staunchest opponents of extending the bank’s charter when it expires June 30. JPMorgan Chase & Co. has benefited from more than $5.1 billion in assistance from the bank, he said…

Ex-Im Renewal Gives Wall Street ‘Wet Kiss,’ Hensarling Says

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