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modrepub

(3,682 posts)

6. Reading Tea Leaves

Reply to Yo_Mama_Been_Loggin (Original post)

Tue Jan 28, 2025, 03:41 PM

Tuesday

The big banks are looking to unload their loans they made to Musk so he could purchase Twitter. I found this article this morning with this blurb:

The Wall Street Journal earlier reported on the banks’ plans, noting that they are shopping senior portions of the debt that would give them back around $0.90 to $0.95 on the dollar.

So, if their only loosing 5-10% of their original loan, why are they trying so hard to discharge it? Is there something worse going on in the Musk universe than what the rest of us schlubs are aware of?