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Prairie Gates

(6,849 posts)

1. What a corrupt racket: high interest loans to Argentina guaranteed by the US Treasury!

Wed Oct 15, 2025, 01:56 PM

Oct 15

They're already fleecing the tax payer to prevent Argentina defaulting on their bonds and private credit loans. Now they will tap additional private credit, which they are implicitly backing with more taxpayer money, to pay back the same private credit and investment banker idiots who continued to lend money to Argentina in the first place. Well, I guess they're not idiots, because they paid a fraction to elect the corrupt Trump and install the corrupt Supreme Court so they could continue to make loans they knew could not be repaid so they could suck the interest payment in bailouts from the US government that they put into place to secure their high risk loans.

It's nice to charge 13% - 19% interest on a high risk Argentina loan rather than what you'd get from a US Treasury (1.5%-2.5%), especially when you're getting the same guarantee as a US Treasury! Nice deal if you can get it.

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rurallib peppertree

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Highlight:

US is working on doubling aid to Argentina to $40 billion by tapping private funding sources [View all] Zorro Oct 15 OP

What a corrupt racket: high interest loans to Argentina guaranteed by the US Treasury! Prairie Gates Oct 15 #1

And here's the kicker: it's all for NOTHING! peppertree Oct 18 #15

Musk said the US is going broke and has no money for federal workers. Irish_Dem Oct 15 #2

it's the vulture capitalists - Nigrum Cattus Oct 15 #3

"Bailing out Bessent's Buddies' Bets on Argentina" Strelnikov_ Oct 15 #4

nice little money laundering gig they got going. nt Javaman Oct 15 #5

Buy peso low Strelnikov_ Oct 15 #10

As were now talking $40 billion, no_hypocrisy Oct 15 #6

Over-the-top payments to South American fascism wolfie001 Oct 15 #7

For Sale: One Used Government (slight chainsaw marks) muriel_volestrangler Oct 15 #8

Aiding old German Nazi - Argentine families? LiberalArkie Oct 15 #9

Is that his obsession with Argentina, is he doc03 Oct 15 #11

When his cartel looses the election they are going to mass escape somewhere. Maybe on the Qatar airplane LiberalArkie Oct 15 #12

Nine months ago nobody would have doc03 Oct 15 #13

The "private sector" Miguelito Loveless Oct 16 #14

I thougt Magats oppose foreign aid? BlueKota Oct 18 #16

There is something personally in it for Trump JI7 Oct 18 #17