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Politics : Formerly About Advanced Micro Devices
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longz
To: Mongo2116 who wrote (1565228)10/14/2025 11:42:10 PM
From: Maple MAGA 1 Recommendation  Read Replies (1) of 1572338
 
This claim in the image is not accurate in its framing, though it is based on a recent real development. Here's what the facts show — and where the claim goes too far:

What did happen
  • In October 2025, the U.S. Treasury, led by Secretary Scott Bessent, arranged a $20 billion currency swap deal with Argentina’s central bank. Reuters+4Politico+4AP News+4

  • As part of that deal, the U.S. also directly purchased Argentine pesos on the open market. Politico+4AP News+4AP News+4

  • The action is being interpreted by many as a financial lifeline to help stabilize Argentina’s currency and financial markets, especially as Argentina faces economic strain and ahead of key midterm elections. AP News+4Politico+4Politico+4

  • U.S. officials (including Bessent) have pushed back on calling it a “bailout,” arguing that it is a credit line / swap arrangement rather than a direct grant or unconditional transfer of money. The Washington Post+3Reuters+3Reuters+3
What the claim exaggerates or misstates
  • The image says: “here’s Argentina’s President Javier Milei walking away with $20 billion of U.S. taxpayer money so that Scott Bessent’s Wall Street cronies don’t lose their investments in Argentina.”

  • That is a misleading framing. The $20 billion is not a simple giveaway or “walking away” with U.S. taxpayer money. It is structured as a currency swap / credit line — meaning Argentina would exchange pesos for U.S. dollars up to that amount, under certain conditions. Reuters+7Politico+7AP News+7

  • The term “Wall Street cronies” suggests insider profit guarantees or corruption, but there is not reliable public evidence that the deal is explicitly designed to protect particular U.S. financial interests (though critics argue some may benefit).

  • The claim “so that Scott Bessent’s Wall Street cronies don’t lose their investments in Argentina” is speculative and not supported by mainstream reporting as a confirmed motive.
Verdict
  • True element: The U.S. is engaged in a $20 billion currency swap / liquidity support to Argentina, and U.S. dollars / peso purchases have been part of it. Politico+4AP News+4Politico+4

  • False / misleading element: The idea that Milei “walked away with” that money (as a gift or unconditional sum), or that the deal’s purpose is solely protecting Wall Street cronies, is exaggerated and misleading.

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