Papageorgio
The Ultimate Winner
He is a dishonest leftist, he just uses a dishonest handle, it’s like most of his post, dishonest.Are you just another Trump fluffer? Charlie Kirk said empathy is fer suckers.
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He is a dishonest leftist, he just uses a dishonest handle, it’s like most of his post, dishonest.Are you just another Trump fluffer? Charlie Kirk said empathy is fer suckers.
Seriously? Argentina tried to be neutral in the war and then when it became obvious the Germans were going to lose, they joined the US forces, only to have a seat after the war. Then dictator Perón welcomed in Nazi’s because he thought his military could learn from them and also, Argentinians were very favorable to Nazis.Prove it.
Charlie Kirk said empathy is fer suckers.
Save me your melodramatic bullshit, you triggered MAGA moron.You are just making up a new meaning for the term "bailout" you disgusting lying TDS afflicted moron. Historically a bailout means direct funding.
Whatever agitprop word you disingenuously want to use, this deal costs the US taxpayer nothing.
If it costs the USA nothing and promotes US interests, why are you bitching about it?
If a Democrat did this you would be singing their praises.
The taxpayer is on the hook if this deal goes south and given Argentina's financial stability and past record, that is a high probability, all you bullshit notwithstanding.It is uncertain if the US-Argentina credit swap will cost taxpayers anything, but there is potential for it to do so
. While US Treasury Secretary Scott Bessent has stated no direct money is being put into Argentina, the deal involves risks for the US Treasury's Exchange Stabilization Fund (ESF), which is funded by operations rather than congressional appropriations. Critics, including some US lawmakers and experts, have raised concerns that the deal could backfire and expose taxpayers to losses.
Potential risks for US taxpayers
- Use of the Exchange Stabilization Fund (ESF): The proposed $20 billion swap line would be managed through the ESF. While this fund is meant for market stabilization and does not rely on congressional funding, the ultimate risk of a loss rests with the US government. The ESF's resources come from past earnings from currency exchanges and other market operations, but it could require taxpayer support if those reserves were exhausted by a major loss.
- Argentina's credit history: Argentina has a long history of financial turmoil and sovereign debt defaults. Critics like Brad Setser, a former Treasury official, have noted that "it's a lot easier to lend [money] to Argentina than to get it back". If Argentina were to default on the swap arrangement, the US government would be left with devalued Argentine assets, potentially leading to a loss for the ESF and a cost to the US public.
- Market volatility: The financial package is designed to help Argentina stabilize its economy, but market reactions have been volatile. If the market's confidence is not restored and the peso continues to decline, the US Treasury would be holding assets with a diminishing value. [QUOTE/]
What do you do when one of your friends is financial trouble and you have more money than him? That’s right. Can you give him a few bucks?
It’s called compassion.
One of my great grandparents was Argentinian, and I know from personal experience. They are among the finest people you can find.
Them there is Messi, who has given the world superb talent and entertainment.
Argentina was our ally in world war 2.
It’s time to help a friend in need. Liberals talking about waste leal empathy towards others.
What do you do when one of your friends is financial trouble and you have more money than him? That’s right. Can you give him a few bucks?
It’s called compassion.