Trump gives Argentina $20 Billion in US taxpayer dollars

[Wrestleknownothing]

7 minutes ago, Lipdrag said:

With all of his contacts on the Street couldn't the Sec Treas have sweet talked a private firm to do it without taxpayer $$ involved?  While the goal of stability for an emerging ally is laudable I don't think the federal government should be swapping anything for anything.  Swapping is not in the constitution from where I read it.

 

Edit:  I should have read all the posts before posting.  WKN notes 3rd parties are being approached.  My point stands that I object to the US Gov speculating in currencies on principle.  

I think no third party would make the investmemt unless the government went first. You want the government along side for protection. 

[GreatWhiteNorth]

7 hours ago, Lipdrag said:

With all of his contacts on the Street couldn't the Sec Treas have sweet talked a private firm to do it without taxpayer $$ involved?  While the goal of stability for an emerging ally is laudable I don't think the federal government should be swapping anything for anything.  Swapping is not in the constitution from where I read it.

 

Edit:  I should have read all the posts before posting.  WKN notes 3rd parties are being approached.  My point stands that I object to the US Gov speculating in currencies on principle.  

Maybe because speculating in currencies has ridiculously high risk. Particularly when the currency in question has a history of being notoriously unreliable.