Ann LiptonIf this is all Musk's plan, I will genuinely be admiring. Evil human cost, but well played.
🐦🔗: https://twitter.com/zeroshorts/status/1590821603386195968
Paul Gowder@annmlipton is this good for him? Excuse my conlaw person's ignorance but does the debtor benefit when someone buys the debt from the bank on the cheap?
@paulgowder Yeah, Twitter would benefit from an accounting perspective actually but more importantly, it would mean Twitter would be free of the debt payments, so functionally the purchase price was cheaper. I.e., the banks contributed like $11 bill, but no! They only contributed like $2 bill (price of buying back the debt), and now Twitter was in hindsight cheaper.
@annmlipton I am so clueless about all of this. I thought that what was being contemplated was like selling a bad consumer debt, like a mortgage or something, to a subsequent buyer, where the debtor still has to pay....
David Colarusso@annmlipton @paulgowder so what you’re telling me is that this is The Producers?