Halliburton: Desperate Enough to ask Ex-IM for Corporate Welfare?

What do you do when the price of oil plunges, and your stock drops from 75 to 40 over 6 months?

When you’re Halliburton, you start looking a bit desperate.

You cut a thousand jobs (with more expected to come).

You talk with one of your competitors about merging to insulate yourselves from the free market.
And maybe you go to the taxpayer-funded Ex-Im bank (which the WSJ calls the “flagship of crony capitalism”) for a handout.
Forget the fact that friends in Congress — like Rep. Darrell Issa (who took $5,000 from HAL during the last cycle) — tried to kill Ex-Im a few months ago.