- 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.
“CEO is smart because he tried to look for profit in multiple quarters at the same time” would make a great headline at Forbes