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They will weasel out somehow.
We will hear an immediate news bulletin that all post office vehicles will be model Ys or something like that.
If you default on your mortgage, you’ve got a problem. If you default on Twitter, the bank has a problem
Aljazeera | How Elon Musk funded his $44bn Twitter takeover
A curious read, seems he spent $27bn in cash on the transaction - so he ‘only’ has loans on ~$17bn, across a swathe of investment groups, wealth funds and banks. Basically, I don’t think a margin call is imminent.
Which is a bit of a shame, as it would be somewhat hilarious to see it fall into the hands of a bank like Chase - being such a toxic asset at this point, to know whether they’d try to salvage/pivot it (ideal, but unlikely) - or just sell it on and write off the loss.
He rigged up the Twitter purchase so the debt would fall on Twitter if it fails, not him.