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Wednesday, September 16, 2015 10:47:51 AM
GE says it is bidding on $11B of projects that require export financing, so it has started talks with several foreign export credit agencies to secure financing for its customers; GE says 80% of the gas turbines have been sold to countries where export credit agency sponsorship is required.
GE says it had “done everything in our power to avoid making these moves at all, but Congress left us no choice when it failed to reauthorize the Ex-Im Bank this summer.”
Purely My Own Opinion. Do Your Own Due Diligence.
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