Re:Musk announces funding secured for Twitter buy
by mvid on Thursday April 21, 2022 @11:08AM
(#31110423)
If the downside is walking away with nothing on a bet that you put nothing on, then I think it’s always worth the risk
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Re:Musk announces funding secured for Twitter buy
by lotsofpulp on Thursday April 21, 2022 @11:21AM
(#31110640)
Sure, but those kinds of deals are rare, especially absent corruption.
A cursory Wikipedia search shows the baseball team owner referenced above put up significant real estate as collateral.
Re:Musk announces funding secured for Twitter buy
by solveit on Thursday April 21, 2022 @11:22AM
(#31110653)
Yes, all the downside falls on the lenders because that's how investing money works. If you can get someone to loan you hundreds of millions, you should (in a purely economic sense) take it because all you can lose is everything you have.