This help for people to be able to pay their exchange insurance policies. But the other half of it is it's not like it's $40 billion to go in and feed poor children in Argentina. This is $40 billion to bail out hedge funds that have invested in Argentine debt. That's what this is about. So it's to come in and exactly. These are Scott Bessen, our Secretary of Treasury's friends who are now jumping in and saying, you know, we need help in this because they had invested for money in Argentine debt. (12:36–12:47)
CLAIM
Asserts that the $40 billion is intended to bail out hedge funds invested in Argentine debt.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
