Wall Street banks face steep losses financing Elon Musk's Twitter deal, but they stand to make a killing in the long run

There's been a lot of fuss over the difficult position Elon Musk has created for the banks helping finance his $44 billion takeover of Twitter. By reviving the deal now, the argument goes, he's setting his financial partners up for hundreds of million in losses because they will be forced to sell the debt at a discount in order to lure investors at a time of rising rates and a souring economy. Banks have reason to be leery: They are... + full article