The U.S. is providing a $20 billion currency swap line with Argentina’s central bank — essentially exchanging stable U.S. dollars with volatile pesos.
While Argentina poses little systemic risk, it can still matter in terms of flight risk for capital along with volatility in debt and commodity markets.
In addition to economic and market matters, the U.S. has a significant political stake in what’s happening in Argentina
It means the US taxpayer is paying $20 bn bailing out an incompetent asshole Trump crony.
Didn’t a lot of Nazis end up in Argentina after WWII?
And the Trump regime has a vested interrest in propping up other fascist to “prove” that their economic model (robbing the populace) can work (at least until they are done with their raid)
I’m sure somebody’s getting rich.
It’s Scott Bessent’s old boss and his benefactors. It’s just robbing the treasury to pay New Yorkers.
https://www.nytimes.com/2025/10/09/us/politics/argentina-bailout-investors.html
Wow, so we “saved” money with fElon’s “doge” cutting things like US AID (thus ceding a lot of soft power to China - some real nine-dimensional chess on the part of Taco and fElon, I’m sure), only to turn around and spend billions on this?
I’m sure the people going without food in this country (especially if they supported Taco) will be comforted that untold amounts of money is being spent on tackling and disappearing landscapers and billions are being spent on bailing out Argentina.
Dnt forget the billions also being spent on the fascist paramilitary that is disappearing anyone that’s not white.
What do you think they meant by “untold amounts of money spent tackling and disappearing landscapers”?
We shouldn’t be bailing out countries
It doesn’t seem to be helping the Argentine Peso recover it’s value if that’s any consolation.
It depends on the reason. Marshall Plan, good idea. Milei, total scam.
Gotta put your own oxygen mask on before saving others
