Incredible series of quotes in here. Biggest hung deal probably ever, M&A bankers getting bonuses cut over it, MUFG flipped the loan to its special sits group, BAC and MS lost top-of-league-table spots in M&A to JPM & GS in part because of the loans, at least two-thirds of the equity cushion gone.
So, let's just say there's an economic crisis and investors make a run on $TSLA. Puppies and rainbows ensue, right? (I won't lie, I'll have the loudest laugh ever if Tesla gets GM'd.)
How were those loans structured? If this was a middle class family’s home, it would have been foreclosed upon months ago. Capitalism, it’s past your bedtime.
The reality between many I-Bankers' "brilliance" and their actual intelligence is very wide. But you know they get paid so much they must be genuises.
Elon shot not just himself in the dick but also a bunch of banks? That's hilarious.
I think we are nearing the end of the “gradually” phase of Elmo’s denouement; the “suddenly” phase is approaching.
it feels so good. it feels so good
I still don’t at all understand why they loaned him the money