According to a Wall Street Journal report, banks that loaned Elon Musk $13 billion to buy Twitter haven't been able to sell the debt.

  • hexaflexagonbear [he/him]
    ·
    28 days ago

    it looks like a costly mistake unless they can extract interest payments from X, plus a repayment of principal once the loans mature.

    Did a business genius write this?

  • Ildsaye [they/them]
    ·
    28 days ago

    It takes a capitalist bank to do something as stupid as loaning billions of dollars to some guy

    • UlyssesT [he/him]
      ·
      28 days ago

      say-the-line-bart-1 Say the line, Bart!

      say-the-line-bart-2 "If someone owes the bank a hundred dollars, that's the debtor's problem. If someone owes the bank a billion dollars, that's the bank's problem."