Banks That Financed Elon Musk's Acquisition of Twitter Are Absolutely Screwed (futurism.com) 12 points by infotainment 2y ago ↗ HN
[–] apothegm 2y ago ↗ Oh, is that why all the banks are increasing their checking account fees this quarter?Those losses have to be socialized somehow! [–] johng 2y ago ↗ I mean, they are making interest off of it... so it's not like it's a horrible investment. [–] Zigurd 2y ago ↗ It was horrible by ibanker standards when they came to find they couldn't sell the loans. And then it got worse.
[–] johng 2y ago ↗ I mean, they are making interest off of it... so it's not like it's a horrible investment. [–] Zigurd 2y ago ↗ It was horrible by ibanker standards when they came to find they couldn't sell the loans. And then it got worse.
[–] Zigurd 2y ago ↗ It was horrible by ibanker standards when they came to find they couldn't sell the loans. And then it got worse.
5 comments
[ 3.8 ms ] story [ 7.4 ms ] threadThose losses have to be socialized somehow!
Some more discussion:
https://news.ycombinator.com/item?id=41299205