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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsKRASNOV gave Argentina/MILEI $20B our cash & double to buy the Rightwing election, now in riots
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https://orinocotribune.com/argentinas-government-represses-new-demonstration-against-labor-reform/
February 20, 2026
https://democrats-judiciary.house.gov/media-center/press-releases/ranking-member-raskin-demands-answers-on-role-of-maga-hedge-fund-manager-in-trump-s-40-billion-argentina-bailout
October 31, 2025 Press Release
Raskin Probes Why Trump Is Bailing Out Billionaire Insiders Argentina Investments While Refusing to Release Funds to Feed Hungry Americans
Washington, D.C. (October 31, 2025)Today, Rep. Jamie Raskin, Ranking Member of the House Judiciary Committee, is investigating the Trump Administrations $40 billion bailout to Argentinahalf funded by American taxpayersthat appears designed to juice a billionaire hedge fund managers Argentinian investors and prop up Argentinas MAGA-aligned President. This bailout is happening while federal workers, including law enforcement and air traffic controllers, are forced to work without pay, and the Administration refuses to release funding for food and nutrition assistance for millions of Americans during the Republican government shutdown.
In a letter to Robert Citrone, the owner of a $2.5 billion hedge fund, Discovery Capital Management, and longtime friend and former colleague of Secretary Bessent, Ranking Member Raksin outlined how the bailout appears designed to rescue Citrones collapsing Argentinian investments and prop up President Javier Milei, whose right-wing political party was floundering ahead of the October 26 midterm elections.
The Republican government shutdown has deprived millions of federal workersincluding law enforcement and air traffic controllersof their paychecks and is threatening government programs vital to the American people like the Affordable Care Act health insurance premium tax credits, Medicaid, and SNAP nutritional benefits. But in the midst of this government-created crisis, the Trump Administration has chosen to arrange a $40 billion bailout to Argentinahalf of it funded with taxpayer money, wrote Ranking Member Raskin.
Citrone, who boasted in 2013 of being responsible for 75 percent of Bessents bonus during their time working for George Soros, manages a $2.5 billion hedge fund with massive exposure to Argentinian debt. As Argentinas economy cratered and Citrones investments faced ruin, press reports indicate he personally lobbied Secretary Bessent to intervene. Within weeks, President Trump and Secretary Bessent announced the $40 billion package: $20 billion from U.S. taxpayers and $20 billion from private sources.
At a joint press conference with President Milei days before Argentinas legislative elections, President Trump explicitly tied the bailout to electoral outcomes. Despite forecasts of defeat, Mileis party narrowly prevailed, delivering a windfall to both Trumps foreign MAGA ally and Citrones distressed investments. ....
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pandr32
(14,094 posts)peppertree
(23,217 posts)In 2018/19, he forced the IMF (long a neo-con slush fund) to lend his old pal Macri $45 billion - of which 80% was later found to have financed rapid dollarizing and offshoring by both local elites and foreign speculators.
Amid a deep recession, Macri lost the 2019 election anyway - leaving Argentina with the (unpayable) tab. And now, this.
Trump's Argentine obsession has cost those poor dolts down there as much as anyone.
AZJonnie
(3,382 posts)Not yelling at you UTUSN, I'm yelling it to the world
In as non-dog-whistle a fashion as possible
peppertree
(23,217 posts)Like our Republican friends, Argentine RWers (like many RWers in Latin America) tend to be inveterate bigots and misogynists - many being anti-Semites with Nazi sympathies, who see nothing wrong with concentration camps for those they see as "shitty" people (their words).
That's what the last dictatorship did 50 years ago - and most RWers down there still applaud it.
And then there's the small matter of the current Foreign Minister - Pablo Quirno - whose grandfather was a business partner with a Belgian Nazi fugitive...
https://www.democraticunderground.com/110892722
Milei reportedly replaced his (Jewish) predecessor with Quirno because "Trump liked him better."
ChicagoTeamster
(685 posts)I know he was congratulated on winning his election in the name of promoting constitutional integrity and the will of the voters but now that everything is erupting what are they saying? Especially considering that his government was saved by the US bailout which I'm sure some voters thought would allevaite the need for extreme measures such as this?
WIll the US be getting repaid by the businesses that will now profit off of cheaper labor and business expenses? If Argentina is also
cutting taxes how will the government pay the US back? Was there a plan?
peppertree
(23,217 posts)The minute he took office, Milei (who shares a lawyer with the country's top convicted narco) began ruling by decree - enacting savage cuts to education, public works and provincial revenue sharing, for instance, without having passed a budget in two years now.
He also clawed US$100 million from the budget for "intelligence" - and, lo and behold, everyone from a decisive Senate vote to a former First Lady began showing up with million-dollar bribes ($1 million and $3 million, respectively) to do his bidding.
Which figures - since his witch-doctor sister, who pretty much runs the country, is now embroiled in a massive bribery scandal of her own.
The Senator switched his vote, and the First Lady "suddenly" remembered that former President Alberto Fernández (Milei's predecessor) "hit her for years" (she showed no bruises of any kind in the thousands of photos taken of her in the 4 years she was First Lady).
A recording has her taunting the hapless Fernández with demands for "$3 million, and this will go away."
Congress ordered him to return the funds; for the most part, he never did.