The Ex Im Bank: Caught In The Swirl Of Donorgate

The agency was already a target of budget-cutters. Now, it's becoming a target of the Justice Dept.

Across Lafayette Park from the White House sits the Export-Import Bank, an obscure agency with only 440 employees and a budget of just $726 million. That's small beer as federal agencies go, but Ex-Im's involvement with President Bill Clinton's network of Arkansas friends and financiers is making it a target for Justice Dept. prosecutors and congressional investigators probing the nexus of money, influence, and favors in the White House. And if the President nominates Wall Street veteran and Democratic donor James A. Harmon to run the agency, as expected, Ex-Im's troubles could multiply.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.