65.4% of Loan Guarantees Made by U.S. Government Bank Benefited Boeing
The Ex-Im Bank has posted its annual reports going back to 1997 on its official website. They show that between 1997 and 2013, this federal government bank guaranteed $142,870,200,824 in loans made by private banks to foreign organizations that used the money to buy U.S. manufactured products. $93,468,763,440 of these loan guarantees--or 65.4 percent of the total amount guaranteed by the U.S. government-- went to foreign organizations that were purchasing Boeing products.
The first chart displays the top ten exporter beneficiaries for all combined Export-Import Bank interventions during FY 2013. The chart shows that the Bank truly lives up to its nickname, “Boeing’s Bank.” Boeing was by far the biggest exporter beneficiary of all Bank activity, raking in over $8 billion in assistance during FY 2013.