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How did bank accounts come into this? There was never any discussion about bank accounts. It's about financing of Tesla's debt. That's something that banks do,
by cloutchaser 4y ago
How did bank accounts come into this? There was never any discussion about bank accounts.
It's about financing of Tesla's debt. That's something that banks do, and banks could deny funding (even of a bank overdraft) for almost any reason really, like an SEC lawsuit.
No-one ever talked about any bank account being blocked. But in a world of debt, where debt is provided by institutions, if you can control who gets loans, you can control a lot.
- hef19898 4y ago>> In his latest TED interview [0], Musk said that he had the funding secured for that Tesla private offering. He said that he needed to settle with the SEC so that they wouldn't freeze Tesla's bank accounts, and as part of the settlement he needed to publicly say that he hadn't secured funding. Citing from like three levels of comment up-stream.