The government gives $$$$ to help businesses profit overseas.

[dixiegrrrrl]

Cross posted this in GD...

Amazing...I had no idea. A FOR Profit Government agency that makes money by loaning private business money to make money.

And boy, have we been busy privatizing Africa and Asia...

example:
2003 Asia and the Pacific, Philippines Name: National Power Corporation ("NAPOCOR")
US Sponsor: U S BANK NATIONAL ASSOCIATION
Type: Insurance
Description: privatization of power company

* As a tool of U.S. foreign policy, OPIC provides loans, loan guarantees, and insurance for U.S. companies investing overseas.
* OPIC has helped launch and finance private investment funds that purchase ownership in foreign companies.
* OPIC estimates that it (and ultimately U.S. taxpayers) has billions of dollars in exposure to losses on defaulted loans and insurance claims.

The Overseas Private Investment Corporation (OPIC), a wholly owned government corporation established in 1971, provides taxpayer-backed loans, loan guarantees, and insurance to U.S. businesses for investments in "politically risky" countries.
Source: http://www.fpif.org/briefs/vol4/v4n19opic.html

"The agency has earned a profit in each year of operations — US$ 175 million in 2002 — and built its reserves to more than US$ 4 billion."
And the people running it are familiar faces...see source, Wiki:
http://en.wikipedia.org/wiki/Overseas_Private_Investmen...
Truth is war’s first casualty.