Trump's $40B Argentine giveaway hits major snag as banks balk at loan: report
www.rawstory.com
A Donald Trump proposal to bail out struggling Argentina with a $40 billion loan is bumping up against economic reality with banks being asked to provide half of the amount demanding collateral or federal assurances.According to a report from the Wall Street Journal, financial institutions, includin...
  • ghosthacked@lemmy.wtf
    17·
    8 hours ago

    I can see the future.

    The left isn’t capable of stopping trump, but somewhere in his future a disenfranchised right-wing nutjob has his number.

  • Tollana1234567@lemmy.today
    331·
    12 hours ago

    also the 40bn is meant to bailout some bessenets former associates who invested poorly in ARGENTINA, not the argentinan people.

    • minnow@lemmy.world
      19·
      15 hours ago

      SCOTUS said POTUS is immune for official acts.

      I’m sure there’s no conflict of interest involved with that or anything, though. And besides, what could go wrong?

      • NotMyOldRedditName@lemmy.world
        9·
        13 hours ago

        Well, you see the first step is you just refuse to seat an appointment by the president so you can place the choice of your president after the fact, and claim, we should wait until the election is over.

        Then, when your president is in power and the exact same fucking situation happens again with an appointment during an election, you do your best Nelson hahah, and appoint her anyway.

      • SippyCup@lemmy.ml
        7·
        5 hours ago

        Please, the rich aren’t spending a dime.

        The middle class is giving 100 and low income workers are on the hook for everything else.

    • Empricorn@feddit.nlEnglish
      11·
      9 hours ago

      That doesn’t even account for China buying all future soybeans from Argentina instead of us. Massive economic impact, even if you never interact with a farm in your lifetime…

    • cley_faye@lemmy.world
      29·
      18 hours ago

      Why would the rich be part of this discussion? Not paying taxes, not giving loan to foreign countries.

    • NoneOfUrBusiness@fedia.io
      86·
      22 hours ago

      Or, alternatively, every taxpayer is giving them $200. For reference this is almost three times the amount of his aid cuts from back when.

  • Archangel1313@lemmy.ca
    1091·
    23 hours ago

    I wouldn’t lend Trump $40B either. Dude’s already been convicted of 34 counts of loan fraud.

    • falseWhite@lemmy.world
      8·
      7 hours ago

      They’re not lending to Trump though. They’re lending to Argentina, and they would get their money back from Argentina.

      But banks know they won’t get their money back, since Argentina had to be bailed out 20 times in the past 70 years. That’s on average, every 3.5 years.

      What are the chances they won’t need another bailout in the next 5 years? And what are the chances of banks getting their money back from a country that goes bankrupt every 3.5 years?

      That’s the main reason.

  • Donkter@lemmy.world
    59·
    23 hours ago

    If Trump starts insulting the banks and trying to impose control on them that would be a sight to see.

    • RoidingOldMan@lemmy.world
      341·
      21 hours ago

      If you can bully banks into giving Argentina $40 billion for nothing, then the whole world’s financial system seems to come into question.

      • ctrl_alt_esc@lemmy.ml
        73·
        20 hours ago

        Lol ehat? Banks have been giving loans to Trump although he was deadass broke. If you still believe into any kind of integrity or logic in the world’s financial system, you’re in for a rough awakening.

        • regedit@lemmy.zip
          6·
          7 hours ago

          Banks have been giving loans to Trump although he was deadass broke.

          Russian ones, sure. They gladly fund a willing ass hat if it means the ruin of the US.

          • BarneyPiccolo@lemmy.today
            9·
            6 hours ago

            No, he was using Deutsche Bank, the world’s dirtiest bank, for years. His money-laundering activities with Russian mobsters came to light when Deutsche Bank was investigated in the 90s. I was surprised he wasn’t arrested back then.

            That’s why his whining about Comey “spying” on him is such bullshit. The FBI wasn’t spying on him, they were investigating a known international criminal with extensive ties to Russian mobsters, which is literally their job.

  • SSUPII@sopuli.xyz
    211·
    22 hours ago

    First time seeing such a word

    balk
/bɔk/
*verb*
refuse to comply
Synonyms: baulk, jib, resist
*noun*
the area on a billiard table behind the balkline
"a player with ball in hand must play from the balk"
Synonyms: baulk

    Hope I can save a search to anybody else.

    • Q*Bert Reynolds@sh.itjust.works
      101·
      19 hours ago

      Obligatory copypasta:

      BALK RULES! IMPORTANT!

1. You can't just be up there and just doin' a balk like that.
1a. A balk is when you
1b. Okay well listen. A balk is when you balk the
1c. Let me start over
1c-a. The pitcher is not allowed to do a motion to the, uh, batter, that prohibits the batter from doing, you know, just trying to hit the ball. You can't do that.
1c-b. Once the pitcher is in the stretch, he can't be over here and say to the runner, like, "I'm gonna get ya! I'm gonna tag you out! You better watch your butt!" and then just be like he didn't even do that.
1c-b(1). Like, if you're about to pitch and then don't pitch, you have to still pitch. You cannot not pitch. Does that make any sense?
1c-b(2). You gotta be, throwing motion of the ball, and then, until you just throw it.
1c-b(2)-a. Okay, well, you can have the ball up here, like this, but then there's the balk you gotta think about.
1c-b(2)-b. Fairuza Balk hasn't been in any movies in forever. I hope she wasn't typecast as that racist lady in American History X.
1c-b(2)-b(i). Oh wait, she was in The Waterboy too! That would be even worse.
1c-b(2)-b(ii). "get in mah bellah" -- Adam Water, "The Waterboy." Haha, classic...
1c-b(3). Okay seriously though. A balk is when the pitcher makes a movement that, as determined by, when you do a move involving the baseball and field of
2. Do not do a balk please.
    • BakerBagel@midwest.social
      4·
      18 hours ago

      It’s also a baseball term for when a pitcher illegally stops their pitching motion.

      BALK RULES! IMPORTANT!

      1. You can’t just be up there and just doin’ a balk like that.

      1a. A balk is when you

      1b. Okay well listen. A balk is when you balk the

      1c. Let me start over

      1c-a. The pitcher is not allowed to do a motion to the, uh, batter, that prohibits the batter from doing, you know, just trying to hit the ball. You can’t do that.

      1c-b. Once the pitcher is in the stretch, he can’t be over here and say to the runner, like, “I’m gonna get ya! I’m gonna tag you out! You better watch your butt!” and then just be like he didn’t even do that.

      1c-b(1). Like, if you’re about to pitch and then don’t pitch, you have to still pitch. You cannot not pitch. Does that make any sense?

      1c-b(2). You gotta be, throwing motion of the ball, and then, until you just throw it.

      1c-b(2)-a. Okay, well, you can have the ball up here, like this, but then there’s the balk you gotta think about.

      1c-b(2)-b. Fairuza Balk hasn’t been in any movies in forever. I hope she wasn’t typecast as that racist lady in American History X.

      1c-b(2)-b(i). Oh wait, she was in The Waterboy too! That would be even worse.

      1c-b(2)-b(ii). “get in mah bellah” – Adam Water, “The Waterboy.” Haha, classic…

      1c-b(3). Okay seriously though. A balk is when the pitcher makes a movement that, as determined by, when you do a move involving the baseball and field of

      1. Do not do a balk please.