The $13 billion that Elon Musk borrowed to buy Twitter has turned into the worst merger-finance deal for banks since the 2008-09 financial crisis. www.wsj.com/tech/elon-mu...

Ooh, what will happen next?

“in one case, was a factor that crimped compensation for a bank’s merger department, according to people involved with the deal.” I feel like the system is working as intended here