Part 2/8:
Regan explained that currency swaps, such as the ones with Argentina, are far from bailouts. Instead, they are practical measures undertaken to protect American investments abroad. The U.S. has substantial financial stakes in countries like Argentina, dating back to the Brady bond era and subsequent restructurings. These investments are made with the intent of safeguarding American economic interests and ensuring that the nation recoups its investments, especially when the economies of these nations face instability.