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So i could go to 7 banks and get 40 billion? interesting to note. Please note: >this is what it read like to the average american that was paying attention to
by genewitch 2y ago
So i could go to 7 banks and get 40 billion? interesting to note. Please note:
>this is what it read like to the average american that was paying attention to it at all. It doesn't matter if the above "isn't what really happened" - that's what was presented, in the rough order it was presented.
Also you did the thing whereby Musk's "net worth" somehow matters when this thread has folks talking about how that is all "just on paper".
- bombcar 2y ago“Just on paper” can mean “doesn’t actually exist at all” - like the dollar amount a startup is “worth” right after a funding round - or it can mean “not easily and immediately accessible”. Musk really does control billions of dollars in value of real companies, but even he found it difficult to get $40 billion in cash quickly. Banks, on the other hand, can produce billions in cash pretty quickly - if they feel the collateral is good for it, even if they have to wait. They make money turning time into money and money into time, after all.