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

EXCERPT:

LEMIRE: "So, Mr. Secretary, amid this discussion of costs and prices and affordability, how does a $20 billion bailout of Argentina help Americans? You’re the president’s point person on that. Can you explain to those here who are feeling the pinch, including America’s farmers, why the United States is helping out Argentina?"
BESSENT: "Well, can you — do you know what a swap line is?"
LEMIRE: "It’s currency swap. Yes, yes."
BESSENT: "But what is that?"
LEMIRE: "That’s -- you’re the Treasury secretary."
BESSENT: "Yes. But why would you call it a bailout?"
LEMIRE: "That is how — "
BESSENT: "In most bailouts, you don’t make money. The U.S. government made money.”