Can't let a good lie go to waste can you DB? It wasn't Obama who approved the loan but the Export Import Bank whose directors were appointed by George W Bush. The purpose of the loan was so that Petrobras would purchase US made equipment and services.<quoted text>
Maybe that 2 billion dollar line of credit Obama gave to the national oil company of Brasil, Petrobras, so they can buy up oil reserves in the Gulf of Mexico can be transferred to the Federal Flood Insurance Program.
Petrobras is one of the most successful and largest oil companies in the world. They don't need the 2 billion dollars Obama gave them.
That would give the Federal Flood Insurance Program 5 billion dollars.
What is Obama waiting for?
You're an idiot DB.