• ☆ Yσɠƚԋσʂ ☆@lemmy.ml
      hexagon
      M
      ·
      3 months ago

      you can't kill that which you don't have in the first place

      Show

      https://www.cambridge.org/core/journals/perspectives-on-politics/article/testing-theories-of-american-politics-elites-interest-groups-and-average-citizens/62327F513959D0A304D4893B382B992B

  • SoyViking [he/him]
    ·
    3 months ago

    They said on Trashfuture that the banks who financed Musk's Twitter takeover are unable to resell the debt. They are now stuck with a large and essentially worthless asset that is hanging like an albatross around the legs of their portfolios.

    This has allegedly already caused some bankers to not get their bonuses.

    • sovietknuckles [they/them]
      ·
      3 months ago

      If Musk defaults on his loans, then maybe. Otherwise, since he owns most of the stock and the next largest investor supports him, probably not.