Subject: Re: Trumps Anti-Robin Hood Tax...
Every dollar sent to bail out Argentina generates NOTHING.

It generated an ass-saving payday for one speculator.

https://www.motherjones.com/po...

However, Bessent’s announcement had massive economic benefits for one American: billionaire hedge fund manager Rob Citrone, who has placed large bets on the future of the Argentine economy. Citrone, the co-founder of Discovery Capital Management, is also a friend and former colleague of Bessent—a fact that has not been previously reported in US media outlets. Citrone, by his own account, helped make Bessent very wealthy.

Since Javier Milei, a right-wing populist, became president of Argentina in December 2023, Citrone has invested heavily in Argentina. Citrone has bought Argentine debt and purchased equity in numerous Argentine companies that are closely tied to the performance of the overall economy. Due to Argentina’s massive debt load and chaotic economic history—in 2023, Argentina’s inflation rate was over 200 percent—Citrone purchased Argentine bonds with an interest rate of nearly 20 percent. (Citrone has declined to detail exactly “how much of the $2.8 billion he manages is invested” in Argentina.)