EX-IM BANK/TRUMP PEOPLE/SCOTT GARRETT: “Less than two years ago, Scott Garrett, then a Republican congressman from New Jersey, took to the floor of the House of Representatives and laced into his colleagues for resurrecting an institution that ’embodies the corruption of the free enterprise system.’
The institution he derided was the Export-Import Bank. He could soon be running it.
In April, President Trump tapped Mr. Garrett, who lost his seat to a Democrat last November, to lead the bank, a federal agency that provides loan guarantees to American companies selling to foreign customers. For years it has been a political punching bag for conservatives who have called it a tool of corporate cronyism and a meddler in free markets. Mr. Trump frequently assailed the bank while on the campaign trail.
Mr. Trump reversed himself last month, though, and decided to keep the bank alive, coming to the conclusion that it helps small businesses and allows American exporters to compete more effectively around the world.”
-Alan Rappeport, “He Wanted to Close the Export-Import Bank. Now He May Run It.,” The New York Times online, May 8, 2017