The WSJ reported on Tuesday that the debt for Musk's Twitter purchase has been stuck on banks' balance sheets, eating into the ability to fund other deals.
  • Elon Musk’s Twitter acquisition ended up being the worst financing deal for banks since 2008, the WSJ said.
  • The $13 billion in loans Musk took out have been stuck on banks’ balance sheets.
  • The loans have cut into pay for bankers and lenders’ ability to finance other deals, the Journal reported.
    • @Blue_Morpho
      3•4 months ago

      Again why does the bank care? The article claims the bank gets interest and has Tesla shares as collateral. If Musk doesn’t pay they take the shares. So how are they losing?

      • @trolololol
        0•4 months ago

        Boo hoo either Elon loses or the bank. Anyways.

        • @Blue_Morpho
          2•4 months ago

          I was hoping for some details to explain the mystery.

          • @trolololol
            1•4 months ago

            I’m curious too my popcorn is ready. I’m cheering for the “both can f themselves” side.