Oh absolutely they had strategic position and proximity to musk in mind.

no doubt and I'm sure they didn't think it would be this bad, but it was sort of akin to picking up nickels in front of a steamroller and he's still got them over the barrel bc if he goes down he's taking them with bsky.app/profile/cava...

VCcavandy1.bsky.socialAug 20, 2024 2:17pm

"Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis" TFW you think it's fine to lose a billion to make several tens of millions in fees *sometime in the future if his house of cards doesn't collapse* www.wsj.com/tech/elon-mu...

So many average borrowers can say the same exact thing, I’m sure.