CrazyMyra on Nostr: There's an endearing belief among those who don't understand finance that this is ...

There's an endearing belief among those who don't understand finance that this is somehow all going according to plan for Musk, who will swoop in and buy up the debt for pennies on the dollar.
What they're ignoring is that Musk doesn't have the readies to do that even if he wanted to (which I've never believed he does).
Look at how his fortune has fared recently. Tesla results and price tumult are killing the gains from Starlink and others.
He's not spending another cent on Twitter.