Comment on How do shares work? How does musk control twitter if he only owns 9% of the shares?
bjornsno@lemm.ee 1 year agoThat’s not how loans for billionaires work. The bank is very happy to only collect some interest on this huge loan for ever, and would be more than happy to give Elon more loans to buy other things. Because of the fractional reserve banking system the bank isn’t even running any real risk by doing this.
mojofrododojo@lemmy.world 1 year ago
bet you a soda they want their money in the next few years.
bjornsno@lemm.ee 1 year ago
You’re on 🤝
mojofrododojo@lemmy.world 1 year ago
nypost.com/…/wall-street-banks-set-to-sell-billio…
reuters.com/…/wall-street-banks-set-sell-billions…
wsj.com/…/wall-street-banks-prepare-to-sell-billi…
LOLOL
bjornsno@lemm.ee 1 year ago
They’re still not collecting the loans from Elon, they’re just passing the loans around. You can take the win if you want it here but I’m pretty sure that’s not what either of us meant before.