Frankly, if the banks call in his debts and he’s essentially forced to divest enough shares that he has to give up controlling interest in one or more of his other companies… it may be genuinely better in the long-term for those companies.
Lol and if Elon Musk says it, you can take it to the bank, where it will then lose a bunch of its value
Elon Musk lies about a lot of things.
I don’t care whether we’re talking about Musk or anyone else - any bank that lends money while taking into account the “personal guarantee” of the borrower has only themselves to blame for any losses.
OF COURSE a potential borrower is going to make lending sound like a good idea. The borrower is as biased and impartial as possible. If anything, these banks deserve to get bit in the ass for being blinded by greed. Maybe the people who approved the loans shouldn’t have that authority.
it turns out he’s really determined to destroy Twitter: lying to banks it’s a big no no for one like him.
otherwise he’s that kind of person many think he is.
Weird. And here I was thinking that Madoff’s mistake was running a huge Ponzi scheme.
The mistake was who he targeted with said scheme, ripping off market investors on a broad scale and not just tricking foolish commoners out of their pension cheques.
Most of these schemes are never publicized and barely punished white collar crimes, or actively ignored as MLM pyramid schemes are. Madoff made the mistake of going way, way too big and thinking he could get away with it.
And Market Capitalism the largest pyramid scheme of all time, whats your point?
https://ryangosha.medium.com/capitalism-is-a-pyramid-scheme-769cc882f6
