Summers ‘Nervous’ About Bessent’s Novel Rescue for Argentina

Former Treasury Secretary Lawrence Summers said it’s too early to judge the Trump administration’s rescue plan for Argentina, while highlighting that it has incorporated unconventional elements that raise questions.

“I’m withholding judgment at this point, but am nervous about the approach that’s being pursued,” Summers said on Bloomberg Television’s Wall Street Week with David Westin. “The tactics used in this bailout are new and raise questions, and we’ll have to see how it all plays out over time.” He flagged that there may be agreements not publicly known about US help that “make this sounder than it appears.” ...