Selling the Twitter debt is the banks’ problem. They’ve already committed to fund debt financing off their own balance sheets (absent certain circumstances that

Selling the Twitter debt is the banks’ problem. They’ve already committed to fund debt financing off their own balance sheets (absent certain circumstances that don’t exist here). It’s not a happy day for the banks, and they may yet try to walk, but they will absolutely have legal exposure if they do. When Musk started getting second thoughts, Grimes (the Morgan Stanley Grimes, not the surrogate Grimes) started distancing himself from that aspect of this clown show right away.