
Nick Timiraos|Oct 20, 2025 23:35
“A group of banks including JPMorgan Chase, Bank of America and Goldman Sachs is struggling to put together a 20 billion loan to Argentina without leaving themselves on the hook to the virtually bankrupt South American country.”
https://www.wsj.com/finance/argentina-bailout-banks-collateral-721bc2b5?st=1bxmKa&reflink=desktopwebshare_permalink
“The U.S. facilities are also raising the possibility of a conflict between the IMF and the Treasury Department. The IMF has typically partnered with the U.S. government, but the Treasury has designed its planned rescue largely on its own and without significant input from the fund on some key details.”
“On the sidelines of the IMF meetings in Washington, D.C., last week, officials from the fund said they were concerned that the Trump administration could pressure Argentina to put the U.S. liabilities ahead of the IMF’s sizable loans.”(Nick Timiraos)
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