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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: S. maltophilia who wrote (539572)	10/2/2025 1:56:09 PM
From: Alex MG	1 Recommendation Recommended By Tom Daly Read Replies (1) \| Respond to of 541098

UPDATE: Bessent asked on CNBC if he could justify the $20 billion taxpayer-funded bailout for Argentina, which appears to benefit "wealthy Americans" with "interests down there." Bessent says it is "false" that he is helping wealthy Americans. FACT: The bailout benefits… https://t.co/J972gM9wgu — Judd Legum (@JuddLegum) October 2, 2025

To: S. maltophilia who wrote (539572)	10/9/2025 12:28:28 PM
From: S. maltophilia	1 Recommendation Recommended By rdkflorida2 Respond to of 541098

......What I failed to point out in my previous post was that the Bessent’s money-drop was not only an attempt to bail out Argentina’s version of Elon Musk, it also bailed out his hedge fund buddies. (I must try to be more cynical….) One should read Bessent’s announcement when he promised aid to Milei. There’s no hint of an actual plan to sort out Argentina’s current mess. Former hedge funder himself, Bessent surely knows this. So what he offered instead as justification was a hefty dose of conspiracy theory: According to Bessent, investors who are betting against the peso must have sinister..... paulkrugman.substack.com