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Judd Legum Profile picture
@JuddLegum
Oct 2 • 6 tweets • 2 min read • Read on X
1. UPDATE: Billionaire Rob Citrone, whose hedge fund bet heavily on Argentina, pressed Treasury Secretary Scott Bessent, his longtime friend and former colleague, to rescue the country, according to Argentine media.

Shortly thereafter, Bessent announced a $20 billion taxpayer-funded bailout.
2. CE Noticias Financieras, a wire service in Latin America, reported that after the bailout faced resistance w/lower-level Trump officials, “Citrone managed to connect with Bessent to get him to intervene directly.”

popular.info/p/update-hedge…
3. Ariel Maciel, Political Economy Editor at Perfil, a large Argentine media outlet, said on an Argentine broadcast, “Citrone is really the one who intervenes. He basically tells Bessent, ‘Hey, we need to help in Argentina,.”
4. Popular Information contacted Citrone's hedge fund, Discovery Capital, and asked if these reports in Argentine media were accurate.

Discovery Capital declined to comment.

popular.info/p/update-hedge…
5. Another major issue is that as the Argentine economy was in a complete tailspin in early September, Citrone BOUGHT MORE BONDS. Maciel reports the timing of Citrone’s recent purchases has raised “suspicions” that Citrone had access to “confidential information.”
6. For UPDATES on this story and more accountability journalism, subscribe to Popular Information.

No paywalls. No capitulation. No BS.

popular.info/subscribe

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More from @JuddLegum

Judd Legum Profile picture
Sep 30
1. Yesterday Jared Kushner partnered with the Saudis on the $55 billion purchase of Electronic Arts AND attended the White House meeting between Bibi and Trump as a foreign policy advisor

It's an insane conflict of interest
2. Why did the Saudis bring in Kushner to the EA deal? Most of the money he has to invest comes from the Saudis!

ANSWER: Since the deal will result in foreign ownership of EA, it needs Trump admin approval. Kushner locks it in

popular.info/p/jared-kushne…
3. Kushner's private equity firm is functioning as a way for Kushner to monetize his influence with the Trump administration. You have someone in the Oval Office discussing Middle East policies who is getting tens of millions in fees annually from the Saudis.
Read 6 tweets
Judd Legum Profile picture
Sep 29
1. The $20 billion taxpayer-funded rescue package for Argentina, announced last week by the Treasury Secretary Scott Bessent, delivers an enormous windfall to hedge fund billionaire Rob Citrone.

Citrone has a longstanding personal and professional relationship with Bessent.
2. Citrone's relationship with Bessent has not been previously reported in the American media.

But Bessent and Citrone worked together for George Soros. By Citrone's own account, he helped make Bessent very wealthy.

popular.info/p/trumps-argen…
3. Since Javier Milei, a right-wing populist, became president of Argentina in December 2023, Citrone has invested heavily in Argentina. Citrone has bought Argentine debt and purchased equity in numerous Argentine companies that are closely tied to the performance of the overall economy.Image
Read 10 tweets
Judd Legum Profile picture
Sep 22
1. Sinclair, which owns dozens of ABC affiliates, played a key role in forcing Jimmy Kimmel off the air.

Sinclair's "news desk" then produced a special on Charlie Kirk, which was supposed to air during Kimmel's time slot

It presents Kirk as a prophet
2 "Charlie Kirk was known first and foremost for his faith in his Lord and Savior Jesus Christ," news anchor Jan Jeffcoat says. "And he reminded Americans that life's most important questions aren't about wealth or success, but about your faith and your relationship with God."

popular.info/p/sinclair-spe…
3. Jeffcoat describes Kirk as "an American patriot fearless in his faith" and claims that his death, which occurred less than two weeks ago, has "fueled a revival of faith across America." She praises "Charlie's passion to awaken the country with the gospel through conviction and courage."
Read 10 tweets
Judd Legum Profile picture
Sep 16
1. In the wake of the murder of Charlie Kirk, his admirers are venerating him as a principled champion of free speech.

Ironically, some of the same people are participating in an organized campaign demanding that anyone with a different view of Kirk's political legacy be fired.
2. This effort has been extremely successful. Dozens of people have been fired for expressing opinions about Kirk that others deem unacceptable.

popular.info/p/republicans-…
3. On September 10, Congressman Derrick Van Orden (R-WI) wrote on X that Kirk "was murdered for advocating for free speech, American values, and freedom." Since then, most of Van Orden's feed has been advocating for the firing or sanctioning of people who do not share Van Orden's views on Kirk.Image
Image
Read 10 tweets
Judd Legum Profile picture
Sep 15
1. Trump and his allies have concocted a series of lies about the horrific murder of a 23-year-old woman in Charlotte in a transparent effort to secure an advantage in a critical North Carolina race that could swing control of the U.S. Senate.

It's nasty stuff.

Follow this thread for details.
2. On August 22, Iryna Zarutska was fatally stabbed while riding the train in Charlotte.

Decarlos Brown Jr., a 34-year-old with a history of mental illness, has been charged with first-degree murder.

popular.info/p/a-tragic-mur…
3. In the wake of Zarutska's death, Trump and many other prominent Republicans have blamed former North Carolina Governor Roy Cooper (D).

"The blood of this innocent woman... is on the hands of... Former Disgraced Governor and 'Wannabe Senator' Roy Cooper," Trump wrote.
Read 10 tweets
Judd Legum Profile picture
Sep 10
1. CBS has hired Ken Weinstein as an ombudsman to review its news coverage for "bias"

Weinstein has no experience overseeing or producing news

A comprehensive review of his public statements, however, shows he has another qualification: undying loyalty to Trump
2. In the Summer 2018 edition of the journal Horizons, Weinstein wrote that Trump's 2016 election represented a victory in the "battle to reclaim American patriotism" from "elites."

popular.info/p/cbs-news-hir…
3. Weinstein praised Trump's "bold rhetoric" and his rejection of "the kind of identity politics that lay at the core of Hillary Clinton’s presidential campaign." In the same piece, he criticized former President Barack Obama for being "hypocritical" and limiting "freedom of choice and expression."
Read 10 tweets

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