News on the Net -- Julia——Bio and Archives--April 25, 2026
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Lemire: "How does a $20 billion bailout of Argentina help Americans?"
Bessent: "Do you know what a swap line is?"
Lemire: "It's a currency swap, yes."
Bessent: "Yes, but what is that?"
Lemire: "That's-, you're the Treasury Secretary, sir."
Bessent: "Yes, but why would you call it a bailout?"
Lemire: "That is how..."
Bessent: "In most bailouts, you don't make money. The US government made money...So by stabilizing the economy there and making a profit, then that's a very good deal for the American people. And there's a lot we could've been doing for American farmers, but Democrats closed the government."
Treasury Secretary Scott Bessent embarrasses MS NOW's Jonathan Lemire by absolutely shredding the fake news host's Argentina bailout gotcha:
— Julia ???????? (@Jules31415)April 24, 2026
Lemire: "How does a $20 billion bailout of Argentina help Americans?"
Bessent: "Do you know what a swap line is?"
Lemire: "It's a… pic.twitter.com/wFRuceU9X7
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