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I get that it was a currency swap, but can we please get our $20 billion back?

Yashar Ali 🐘

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40,282 views • 10 months ago •via X (Twitter)

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CNN's Scott Jennings sets the record straight in a panel on U.S. financial dealings with Argentina under President Trump. A panelist accused Trump of giving "$40 billion" to Argentina while Americans face economic hardships. Jennings quickly corrected: "It was a currency swap. We didn't give them $40 billion... It was a currency swap that we made a profit on." This refers to the Treasury Department's $20 billion currency swap line with Argentina's central bank in October 2025, plus considerations for an additional $20 billion in related financing. As Treasury Secretary Scott Bessent stated, the U.S. profited from the arrangement while supporting a key ally. Currency swaps like this involve temporary exchanges with repayment, not outright gifts.

CNN's Scott Jennings sets the record straight in a panel on U.S. financial dealings with Argentina under President Trump. A panelist accused Trump of giving "$40 billion" to Argentina while Americans face economic hardships. Jennings quickly corrected: "It was a currency swap. We didn't give them $40 billion... It was a currency swap that we made a profit on." This refers to the Treasury Department's $20 billion currency swap line with Argentina's central bank in October 2025, plus considerations for an additional $20 billion in related financing. As Treasury Secretary Scott Bessent stated, the U.S. profited from the arrangement while supporting a key ally. Currency swaps like this involve temporary exchanges with repayment, not outright gifts.

Media Lies

62,459 views • 7 months ago

Ingraham: U.S. Treasury finalized $20 billion currency swap framework with Argentina… What do we get out of it? Bessent: We get a lot out of it… he is committed to getting China out of Argentina Ingraham: It’s not a bailout? Bessent: Not a bailout at all… buy low, sell high. The Argentine peso is undervalued

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I’m ngl Bron can we get our handles back to this please

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So it was a lie that we handed over $20 billion to Argentina we gave them a “swap line“ which is a line of credit and we’ve already made a profit

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market choppy but i tested this OpenSea swap and at least it was smooth sailing. get it…

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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.

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