
Chris DeMuth's State of the Markets June 2022 (podcast #114)
Yet Another Value Podcast
The Reputation Does Matter, Right?
If a bank with twitter went to elon and said, hey, or went to twitter and said, hay, we gave the commitment letter to elon, but we are breaking the commitment letter. If that happened, a twitter would sut every which way. I think morgan stanley's providing the financing for twitter. You can't use morgan stansley. Morgan stanley tried to break a financing for no reason, like you just have to go with some one else. So i think in that case, the banks actually do have a reputation to protect. Now, tet's not say, if twitter was actually worthless, obviously they would not close. They could
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