US rescue of Argentina is “unconventional,” Summers says #shorts #argentina #milei #trump

as we've seen now Secretary of Treasury Bessant first create a swap arrangement of $20 billion and then actually intervene in the currency markets uh last week. Uh you actually were there uh during the Mexican peso crisis back in 1994. Uh what can you tell us about when that makes sense and when it does not.I'm somebody who's a strong believer that the United States has to support global financial stability, that when countries face uh crisis involving a sudden loss of liquidity that there needs often to be ...