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this post was submitted on 21 Jun 2023
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My question is: Why? When he was just focused on spaceX and Tesla very few times I would hear about this behavior (I might just live under a rock). But now that he is focused on Twitter it's like he decided to be a piece of shit even more.
The rumor I read was that he wants to be as poor at business as possible for the small things, so that when he has to refinance billions of dollars re: his loan w/ the banks, creditors will see how he's been operating as of late and are more likely to negotiate with him or reframe how much they think they can recoup.
So, stiff people for hundreds of thousands here and there in the hopes that you can shave a few billion off of the more important debt
Why would being an idiot incline the bank to lend at more favorable terms? If anything this kind of behavior is a red flag for lenders.