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The bankers aren’t naive, they modeled this out. Sure it could go bad and I wonder if Elon PG’ed (personal guarantee) the debt, but you don’t underwrite your a
by texasbigdata 4y ago
The bankers aren’t naive, they modeled this out. Sure it could go bad and I wonder if Elon PG’ed (personal guarantee) the debt, but you don’t underwrite your a default out of the gate. It’s one of the worst faux pas of debt capital markets.