How Enron, Papa John's and the Ritz Got Taxpayer Subsidies
What do Enron, the Soros Economic Development Fund, Papa John’s Pizza, Ritz-Carlton Hotel Company, MTV, the Bank of Palestine, and Deutsche Bank have in common? They’ve all benefited from millions of dollars in taxpayer subsidies through the Overseas Private Investment Corporation (OPIC). OPIC provides loans and loan guarantees for investments in developing and emerging markets, offers “political risk insurance” (covering losses resulting from things like coups, terrorism, and expropriation), and supports funds that invest in companies doing business in emerging markets.
Source: heritage.org
