http://www.thenewamerican.com/usnews/congress/item/20529-huge-ex-...

http://www.thenewamerican.com/usnew...an-defaults-imperiling-bank-s-reauthorization

Worth a read, but what stood out for me in this article was someone blatantly stating "NewSat will disappear, taxpayer monies will disappear along with it".

Little snippet at the end reads:

"By most accounts, NewSat is a company with severe structural problems that could lead to Solyndra-type losses for American taxpayers….

This makes it harder for Ex-Im to justify its small business pitch to Congress.

It also makes it nearly impossible to justify the bank’s reauthorization coming up the end of June. NewSat will disappear, taxpayer monies will disappear along with it, but Lockheed Martin will continue to grow and thrive and prosper, having once again shifted its risk in the deal to the American taxpayer, and earning the bank the much deserved sobriquet “a fount of corporate welfare” by the Wall Street Journal."