New York Times article titled Big investors await windfall from trumps argintina bailout

[Flamingo]

I hear you but for illustration, let's say Milei loses the election and at that point Argentina has drawn $10 billion on the swap line. So the US now owns $10 billion of pesos at an exchange rate of around 1425. Then let's say that the instant Milei loses, the rate immediately pops to 1700 and the US decides to get out. So it starts selling pesos for dollars at 1700 and by the time they've fully sold out the peso has plummeted to 2200, all in the span of a month or two (quite a drop even for Argentina). So the average selling price for the US would be around 1950 which is about a 37% loss or $3.7 billion. Not a huge amount for the kind of influence the US will have if Milei wins.

Doubt they would exit so quickly. There is supposed to be some big announcement tomorrow. Does anyone know what that is about?

The sad part in all of this is I remember when a billion loss was a big deal or a lot of money to lose. Sadly with the way the government is wasting money it seems like a drop in the bucket these days. Scary.