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peppertree

(22,915 posts)

16. You ain't whistling Dixie...

Reply to ashredux (Reply #15)

Thu Oct 9, 2025, 06:44 PM

Oct 9

https://www.democraticunderground.com/113352536

Two to tango: Far-right Argentine President Javier Milei with U.S. hedge fund manager Rob Citrone in happier days last year.

Citrone's big bets on Argentina contributed to his Discovery Capital’s 52% return in 2024 - but a sharp crash in both Argentine stocks and bonds this year has reportedly cost his hedge fund hundreds of millions.

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wolfie001

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Highlight:

US buys Argentine pesos, finalizes $20 billion currency swap [View all] peppertree Oct 9 OP

"a country that has benefited from sales of soybeans to China" speak easy Oct 9 #1

True - but even then, it's not doing Argentina any good (and there's the matter of Argentina's Congress approving this) peppertree Oct 9 #7

What? Delphinus Oct 9 #2

Well - we wouldn't want Scotty Bessent and his pal Robbie Citrone to take a loss on their Argentine gambles, would we? peppertree Oct 9 #8

Argentina is accepting a dollar that is declining daily in value? no_hypocrisy Oct 9 #3

Declining more slowly than their own IbogaProject Oct 9 #5

The problem is that we're accepting pesos which shrivel in value by the week (sometimes, hourly) peppertree Oct 9 #9

The Peso is declining more rapidly than the dollar. James48 Oct 9 #25

Pelotudos JoseBalow Oct 9 #4

Unbelievable eringer Oct 9 #6

Hear, hear peppertree Oct 9 #10

It absolutely is NOT a bailout, except, it is. Buddyzbuddy Oct 9 #11

AND it won't do them (or Milei) any good peppertree Oct 9 #12

How the fuck is this legal ? Nigrum Cattus Oct 9 #13

Exactly - PLUS it's illegal in Argentina itself, where such an agreement needs congressional approval peppertree Oct 9 #14

WTF'. Somebody is making a lot of money on this, and it ain't the American public. ashredux Oct 9 #15

You ain't whistling Dixie... peppertree Oct 9 #16

Gotta help his Argentinian MAGA clone by gifting him our taxpayer dollars PSPS Oct 9 #17

Sad - but true peppertree Oct 9 #19

Giving them 20 billion and taking away our healthcare mdbl Oct 9 #18

Exactamente peppertree Oct 9 #21

Give the money to another dictator to buy his favor, slightlv Oct 9 #20

Eso! peppertree Oct 9 #22

Don't give up your day job Milei Yo_Mama_Been_Loggin Oct 9 #23

You're not kidding. He spends most of his days in his underpants, rage tweeting and web surfing as it is! peppertree Oct 9 #24

"U.S. Treasury is prepared, immediately, to take whatever ... area51 Oct 9 #26

Sickening. SunSeeker Friday #27

Bessent bailed out his friends Old Crank Friday #28

Absolutely - just like with Trump's bailout of his old sex party pal, Mauricio Macri, in 2018 peppertree Friday #32

WTF? 2naSalit Friday #29

This is not just to bail out Milei, but also the GOP donors who invested in Argentine since Milei took over Mr. Sparkle Friday #30

Exactly - just like with Trump's bailout of his old pal Mauricio Macri in 2018 peppertree Friday #33

These libertarian job creators sure love socialist handouts IronLionZion Friday #31

Saving a US investor pfitz59 Friday #34

Absolutely. Democrats should be shouting this to the four winds peppertree Friday #35

Paul Krugman says this is pure corruption. Every US taxpaer dollar is going not to Argentine, but straight... PerceptionManagement Friday #36

Look at that face America - in addition to the soon arriving Trump $1 coin - this guy Milei is too Pachamama Saturday #37