Scott Bessent to MSNBC Host on Argentina Deal: ‘Do You Know What a Swap Line Is? ... Why Would You Call It a Bail Out?’

LEMIRE So Mr Secretary ░░░░░░░░ this discussion of costs ░░░░░░░░ prices and affordability how ░░░░░░░░ a 20 billion bailout ░░░░░░░░ Argentina help Americans You ░░░░░░░░ the president s point ░░░░░░░░ on that Can you ░░░░░░░░ to those here who ░░░░░░░░ feeling the pinch including ░░░░░░░░ s farmers why the ░░░░░░░░ States is helping out ░░░░░░░░ BESSENT Well can you ░░░░░░░░ you know what a ░░░░░░░░ line is LEMIRE It ░░░░░░░░ currency swap Yes yes ░░░░░░░░ But what is that ░░░░░░░░ That s you re ░░░░░░░░ Treasury secretary BESSENT Yes ░░░░░░░░ why would you call ░░░░░░░░ a bailout LEMIRE That ░░░░░░░░ how BESSENT In most ░░░░░░░░ you don t make ░░░░░░░░ The U S government ░░░░░░░░ money We used our ░░░░░░░░ we used our financial ░░░░░░░░ sheet to stabilize the ░░░░░░░░ one of our great ░░░░░░░░ in Latin America during ░░░░░░░░ election The president there ░░░░░░░░ in a landslide The ░░░░░░░░ s going to make ░░░░░░░░ And I would rather ░░░░░░░░ peace through economic strength ░░░░░░░░ have to be shooting ░░░░░░░░ narco boats coming offshore ░░░░░░░░ the government collapsed We ░░░░░░░░ a generational opportunity in ░░░░░░░░ America to create allies ░░░░░░░░ just saw an election ░░░░░░░░ Bolivia We re probably ░░░░░░░░ to see an election ░░░░░░░░ Colombia We ve seen ░░░░░░░░ in Ecuador We re ░░░░░░░░ to see them in ░░░░░░░░ So by stabilizing the ░░░░░░░░ there and making a ░░░░░░░░ then that s a ░░░░░░░░ good deal for the ░░░░░░░░ people And there s ░░░░░░░░ lot we could have ░░░░░░░░ doing for American farmers ░░░░░░░░ Democrats closed the government.”