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unusual_whales
@unusual_whales@masto.ai  ·  activity timestamp 4 weeks ago

Reporter: How does a $20 billion bailout of Argentina help Americans?

Bessent: Do you know what a swap line is?

Reporter: A currency swap, yes.

Bessent: But what is that? Why would you call it a “bailout?” In most bailouts, you don't make money. The US government made money.

#news #finance #economics #stocks #options

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unusual_whales
@unusual_whales@masto.ai replied  ·  activity timestamp 4 weeks ago

"We used our financial balance sheet to stabilize the government, one of our great allies in Latin America, during an election," Bessent said.

Read more: https://t.co/l0bRyX3s20

#news #finance #economics #stocks #options

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