Submitted 4 months ago by BrikoX@lemmy.zip to technology@lemmy.zip
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.
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?
Sports analyst says that the Dodgers are sure to lose tonight’s baseball game unless they are able to score points, while preventing their opposing team from scoring points.
soypoint-1 MADDEN ANALYSIS soypoint-2
Might be? This is the worst investment they ever made, and they know it, mostly because they’ve speaking publicly like this, because usually they bury the lead - to protect their other investments.
International financiers are really the worst.
I’m just loving watching it though.
they could foreclosure it and sell it for 1/3 what Elon paid to get their money back
It takes a capitalist bank to do something as stupid as loaning billions of dollars to some guy
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.”
Capitalist bank is a bit tautological, innit?
Lost_My_Mind@lemmy.world 4 months ago
When you owe the bank $100 thats your problem.
When you owe the bank 13 billion dollars, thats the banks problem.
When you then use that money to create a platform of hate, racism, and facism, thats humitys problem.
Mammothmothman@lemmy.ca 4 months ago
Who is humity?
blandfordforever@lemm.ee 4 months ago
No, this is Patrick.
SendMePhotos@lemmy.world 4 months ago
Immanity!
uebquauntbez@lemmy.world 4 months ago
Please add this for real life precisions sake: If the bank is big enough, it’s tax payers problem.