*Banks Struggle with Unsold Loans from Musk's Twitter Deal*

Two years after Elon Musk's Twitter acquisition, banks are still grappling with $13 billion in unsold loans. This deal is considered the worst leveraged buyout for banks since 2008.

*Key Points:*

- $13 billion in loans remain unsold on banks' balance sheets

- Twitter's value has dropped from $44 billion to $12.5-19 billion under Musk

- Banks are struggling to offload debt due to X's poor financial performance

- The deal has negatively impacted involved banks' profits, rankings, and employee compensation

*Impact:*

- Banks' ability to finance other deals has been limited

- Global banking league table standings have been affected

- Employee pay cuts have been implemented due to the financial strain

*Current Status:*

- Banks are receiving interest payments on the loans

- Debt remains a significant concern, with mark-downs attempted to attract buyers

- Restructuring talks between Musk and banks have reached an impasse.

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