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submitted 1 month ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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[-] SoyViking@hexbear.net 8 points 1 month 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.

[-] yogthos@lemmy.ml 6 points 1 month ago
this post was submitted on 02 Sep 2024
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