Banks That Financed Elon Musk's Acquisition of Twitter Are Absolutely Screwed (futurism.com) 12 points by infotainment 1y ago ↗ HN
[–] apothegm 1y ago ↗ Oh, is that why all the banks are increasing their checking account fees this quarter?Those losses have to be socialized somehow! [–] johng 1y ago ↗ I mean, they are making interest off of it... so it's not like it's a horrible investment. [–] Zigurd 1y ago ↗ It was horrible by ibanker standards when they came to find they couldn't sell the loans. And then it got worse.
[–] johng 1y ago ↗ I mean, they are making interest off of it... so it's not like it's a horrible investment. [–] Zigurd 1y ago ↗ It was horrible by ibanker standards when they came to find they couldn't sell the loans. And then it got worse.
[–] Zigurd 1y 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
[ 0.19 ms ] story [ 27.9 ms ] threadThose losses have to be socialized somehow!
Some more discussion:
https://news.ycombinator.com/item?id=41299205