(Reason) -- Democratic Senator Elizabeth Warren of Massachusetts rode to Washington -- and progressive icon status – by promising "to work for the middle class and working families every chance I get" and, unlike Mitt Romney and other Republican corporate lackeys, ensure that "we don't run this country for corporations, we run it for people." So one would think that she would be the one leading the charge against the government-funded Export-Import bank that even President Obama once described as "little more than ... corporate welfare."
In fact, it was Tea Party Republicans who fought to scrap this relic of the Great Depression when its term was set to expire at the end of this month—and Warren who said she was on the side of the bank's corporate beneficiaries.
Her office recently released a statement noting not that the bank is a hotbed of corruption (given that four of its employees were recently removed for allegedly accepting bribes and kickbacks), misgovernance (the bank has numerous times doled out financial assistance to companies filing fraudulent applications) and a taxpayer rip off whose time is up. Rather, it said that Warren "looks forward to reviewing the reauthorization" of the bank because it "helps create American jobs and spur economic growth."
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