How Cozy – Bill Richardson Works Both Sides of Ex-Im Bank


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Isn’t this just cozy? Former New Mexico Governor Bill Richardson (D) is working both sides of the Export-Import Bank. Not only does Richardson sit on the bank’s advisory committee, he’s also a board member of one of its loan recipients.

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The U.S. Export-Import Bank recently steered hundreds of millions of dollars in federal loans to Spanish green energy conglomerate Abengoa, which happens to share an advisory board member with the bank.

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The Ex-Im Bank approved a $78.6 million direct loan to Spain-based Abengoa in December. It also approved a $73.6 million direct loan to a wind farm in Uruguay, which is owned by Abengoa.

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Former Democratic New Mexico Gov. Bill Richardson sits on both the Abengoa International Advisory Board and is currently listed on the Ex-Im bank’s website as a member of the advisory committee that helps guide bank policy. (Read More)

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The bank denies that Richardson had anything to do with the loan, but since we don’t know exactly when he started with the bank we’ll never know for sure.

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Oh, and of course, the New York Times has ignored this story.

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The idea of insiders getting insider making insider deals with taxpayer money, that’s not odd, that’s business as usual.

What is odd is that a former Presidential candidate and prominent governor being on both sides of taxpayer backed loans to foreign governments is a story that is newsworthy to the Washington Free Beacon and the Washington Examiner but produces no results when you do a search of the New York Times for “Bill Richardson”.

The media ignoring stories like this is also business as usual these days.