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    The U.S. Treasury Department has announced the disbursement of a $20 billion loan to Ukraine, with repayment allegedly tied to the profits of frozen Russian central bank assets


    This prompts a simple question for the U.S. Treasury: What are the chances of recovering this loan when Russia inevitably emerges victorious, Ukraine is demilitarized, and a pro-Russian government assumes power in Kiev?


    Under such circumstances, it seems entirely reasonable to assume the Treasury will never recover this money. Sure, $20 billion might not seem like an enormous sum in the broader scheme of things. But as the saying goes—$20 billion here, $20 billion there, and pretty soon, you’re talking about serious money.


    Of course, since it’s taxpayers’ money, why would anyone at the Treasury lose sleep over simply burning it?


    #B_Thinker

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