Hey, Democrats.
Remember the Argentina deal you called a bail out?
Do you make money on a bail out? NO.
The Fed temporarily exchanged U.S. dollars for Argentine pesos, with Argentina obligated to reverse the swap later. The Fed charged interest and fees, and reports indicate the U.S. actually profited — around $20 billion — from the arrangement.
https://www.benzinga.com/news/politics/25/11/48795329/scott-bessent-calls-trumps-argentina-deal-a-swap-line-that-made-money-for-americans
Scott Bessent Calls Trump's Argentina Deal A 'Swap Line' That Made Money For Americans - Benzinga
Bessent defends US support for Argentina as profitable swap line, not bailout. Calls it economic security, not political interference.
https://www.benzinga.com/news/politics/25/11/48795329/scott-bessent-calls-trumps-argentina-deal-a-swap-line-that-made-money-for-americans
