They’re not lending to Trump though. They’re lending to Argentina, and they would get their money back from Argentina.

But banks know they won’t get their money back, since Argentina had to be bailed out 20 times in the past 70 years. That’s on average, every 3.5 years.

What are the chances they won’t need another bailout in the next 5 years? And what are the chances of banks getting their money back from a country that goes bankrupt every 3.5 years?

That’s the main reason.