We need to go back in time and push him down the stairs even harder like bro what is this
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He's saying judges should have to be elected, not appointed.
You know, his American Constitutional scholar opinion that is not at all in his personal interest.
(I see he amended it to be clearer, but frankly I thought the first version, as offensive a concept as it is, was one of the cleverer jokes he's ever made.)
growing talk that the crashing price of Tesla has increased the likelihood that lenders may cut Elon off, or even call in his loans
What's Tesla's loan situation? I would imagine there's a huge syndicated setup or participation, not a single lender situation? Ibanks or commercial? I haven't ever even bothered to wonder but now I want to know.
...that said, even if the company has violated performance covenants, takes awhile before that trips a default. And even if there's a default it can be cured or waived and everything kicked down the road. Unless it literally imperils the soundness of the banks from a credit risk standpoint, banks will waive whatever right now for him bc they do not want to have the weight of a rage-headed U.S. government with no COI concerns at all coming down on them for merely exercising their commercial rights as they do against nearly everyone else.
Even in normal times, if the loans are big enough the banks would not just "call the loan" and poof take tesla or force it into bankruptcy. No, in normal times for most large situations that are failing metrics or payments, they'll forbear or do a workout or a restructure that gives a debtor some breathing room through a change in terms, usually but not always in exchange for more security, etc.
Often that means more money for the banks over time in exchange for the greater risk. But it also can mean the banks just take a big haircut after the fact, with a lot of hassle and expense involved.
I mean, just ask Trump - that was his S.O.P. going back 30+ years ago. I He negotiated deals fully knowing - planning - he'd be back negotiating getting out of them once he had the banks compromised by their heavy exposure. He calls it smart dealmaking but tbh it's more akin to the Russell Greer Jaw-droppingly Ludicrous and Extra-Annoying Philosophy of Lawyering. It's the game of retard chutzpah. And it apparently takes a special kind of hubristic, thin-skinned narc to employ it without embarrassment or shame. ..so expect it soon!