Late last week, Senator Jim Inhofe tossed a snowball at a colleague on the Senate floor as a visual rebuttal to claims of global warming.
Even as the Fed is churning out new money by the hundreds of billions and making secretive deals with other central banks, local bankers are joining together to fight Kentucky Senator Rand Paul’s “Audit the Fed” legislation.
The U.S. taxpayer-backed Export-Import Bank (Ex-Im), widely criticized for crony capitalism as well as for financing communist and socialist regimes with American money, is fighting for its very survival amid scandals as a growing coalition of lawmakers in Congress works to finally shut it down. From funneling billions in “loans” to state-owned banks in Russia and Communist China, to offering the corrupt Brazilian state-owned oil giant Petrobras $2 billion to “develop oil fields,” to hiring politically connected “green energy” cronies, the bank’s activities have come under increasing criticism. Now, with its charter set to expire this summer without congressional action, the Ex-Im bank — originally created to subsidize U.S. exports to the mass-murdering regime ruling the Soviet Union — is sparring with the American people’s elected representatives.