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Ex-Im Bank stonewalling media on weak, new anti-corruption guidelines

By Gritsforbreakfast

One of the most important stories I've seen regarding drug cartel corruption of an important American government institution has gone virtually unremarked by the mainstream media except for a single, dogged broadcast journalist in Dallas, WFAA-TV's Byron Harris, who first broke the story last month about Ex-Im Bank loans to phony companies registered to figures connected to Mexican drug cartels.Today Harris reports on the new Ex-Im Bank due diligence guidelines for loans that Grits discussed here, although as previously, no one from the Ex-Im Bank will respond directly to Harris.Unfortunately, as mentioned before, to my mind the new Ex-Im guidelines aren't nearly "diligent" enough - all the key background checks that might reveal whether a loan recipient was connected with a drug cartel are still optional, for example, and are not required to be completed before the Ex-Im Bank gives out new loans...continue to full post

Full post as published by Grits for Breakfast on January 23, 2008 (boomark / email).