this post was submitted on 29 Aug 2024
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This a beautiful story. Bankers get shafted lending money to apex capitalist.
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No one has ever explained how bankers are losing. They say they've lost money. Yet the only details are Musk has to make payments and put up Tesla stock as collateral. That a no lose for the banks. They don't care if Tesla stock crashes, they are making money from selling it.
I remember reading that the banks who loaned him the money haven't been able to sell off the debt.