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Musk's Twitter deal may be banks' worst leveraged buyout since 2008

11 点作者 MilnerRoute9 个月前

2 条评论

mnky9800n9 个月前
If you are interested in narrative films about leveraged buyouts I recommend Barbarians at the Gate:<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Barbarians_at_the_Gate_(film)#:~:text=It%20tells%20the%20true%20story,and%20CEO%20of%20RJR%20Nabisco.&amp;text=Barbarians%20at%20the%20Gate%20received%20generally%20positive%20reviews%20from%20critics" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Barbarians_at_the_Gate_(film)#...</a>.<p>I watched this a while ago on YouTube:<p><a href="https:&#x2F;&#x2F;youtu.be&#x2F;Z3HiONtjZSM?si=HQPNiA2dBLk4qqeT" rel="nofollow">https:&#x2F;&#x2F;youtu.be&#x2F;Z3HiONtjZSM?si=HQPNiA2dBLk4qqeT</a><p>It was a made for TV movie about the true story of rjr Nabisco trying to go private through a leveraged buy out because their cigarettes and how everyone everywhere was greedy. It&#x27;s kind of absurd how greedy and stupid everyone is in the movie.
smarm529 个月前
&gt; Nearly two years on, investment banks have been unable to offload the debt, tying up precious capital and limiting their ability to originate and finance more deals.<p>&gt; indications from at least one bank show that this is affecting the lenders’ bottom line.<p>&gt; The cut was so severe that almost a quarter of the bank’s 200-plus managing directors quit once they had collected it.<p>Amazing, I had no idea it was so bad. This could play a non-insignificant role in an economic downturn, as tying up capital is a sure way to disrupt the economy in such a way as to lead toward a depression.<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Great_Depression#Origins" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Great_Depression#Origins</a>