this post was submitted on 21 Jun 2023
98 points (100.0% liked)
World News
22075 readers
82 users here now
Breaking news from around the world.
News that is American but has an international facet may also be posted here.
Guidelines for submissions:
- Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
- Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
- Do not post ragebait or shock stories. These will be removed.
- Do not post tabloid or blogspam stories. These will be removed.
- Social media should be a source of last resort.
These guidelines will be enforced on a know-it-when-I-see-it basis.
For US News, see the US News community.
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The rumor I read was that he wants to be as poor at business as possible for the small things, so that when he has to refinance billions of dollars re: his loan w/ the banks, creditors will see how he's been operating as of late and are more likely to negotiate with him or reframe how much they think they can recoup.
So, stiff people for hundreds of thousands here and there in the hopes that you can shave a few billion off of the more important debt
That doesn't make any sense. He's lost 10's of billions on Twitter. Nor do banks operate in that way This is just who he is.
Imagine thinking Musk is some 5d chess expert and not just a fucking dumbarse with too much money.
Why would being an idiot incline the bank to lend at more favorable terms? If anything this kind of behavior is a red flag for lenders.