00:00This time last year, we used what's called the Exchange Stabilization Fund, and we bridged Argentina during the Argentinian elections.
00:11So, your question was, you're doing these interventions, why are you doing them?
00:17And I believe that I can use the balance sheet of the U.S. for foreign policy.
00:26So, we have a foreign policy goal, and that is to create allies in the Western Hemisphere.
00:36Argentina was the frontrunner for that, and it was my belief that the Malay government had sound policies.
00:48The opposition was using their capital markets to try to create a panic and cause a currency crisis.
00:55If I could step in, bridge them through the election, makes money for the U.S. government, then they got
01:03to the other side of it,
01:05and President Malay, President Trump endorsed him, capital markets were good, and President Malay won, beat expectations, and they're off
01:18to the races.
