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Elon Musk told bankers they wouldn't lose any money on Twitter purchase
- elfbargpt 3y agoI mean this is kind of ridiculous. As a "banker", you can't take someone's word you're not going to lose money. Pretty basic stuff
- Stokley 3y agoabsolutely. any banker that takes a "trust me bro" as a guarantee deserves to lose their money
- az09mugen 3y agoCan't upvote this more than it deserves.
- Zigurd 3y agoThe article uses the word "guarantees." If that's an accurate characterization of what the bankers were told, the amount of money they are owed would make litigating a verbal contract worthwhile. Elon is in this mess because he signed a contract on a whim and spent nearly a year trying to weasel out of it. Making the purchase of Twitter was an act of rage quitting litigation he was going to lose. So it's entirely plausible he's stepped in the same blob of poo again.
- babelthuap 3y ago[dead]