Trump struggles to explain why a bailout for Argentina meets his 'America First' standards

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1. 'Trump's Massive Argentina Bailout Set to Benefit One GOP Billionaire'

"Like everything else with this administration, Trump’s decision to extend a lifeline to Argentina involves corruption."

"Treasury Secretary Scott Bessent’s $20 billion Argentinian bailout is not only poised to prop up President Javier Milei’s anarcho-capitalist regime with U.S. taxpayer dollars; it’s also set to deliver a significant windfall to one of Bessent’s old friends, per a Monday report by Judd Legum at Popular Information."

"Robert Citrone, a billionaire who founded the hedge fund Discovery Capital Management, has a decadeslong relationship with Bessent that’s gone unreported in the U.S. press...Since Milei’s ascendance, Citrone has bet big on the Argentine economy. But amid the recent economic downturn under Milei, his Argentine investments were in trouble."

"Enter Bessent. Last week, the treasury secretary announced a $20 billion currency swap line that, Citrone told Bloomberg, 'has helped tremendously' and 'will pay dividends for the U.S. strategically.' It’s certainly boosted Citrone’s holdings. (Notably too, Legum writes, 'In early September, days before Bessent’s announcement, Citrone purchased more Argentine bonds.')"

Continued at link:

https://newrepublic.com/post/201067/trump-argentina-bailout-bessent-friend-gop-billionaire