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TIL the etymology of https://en.wikipedia.org/wiki/Pig_in_a_poke

When the banks holding the debt are taking a bath marking it to market, investing in equity of the same firm seems ... brave.

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Matt Levine tweeted "he's gonna place some equity at 100 while his banks can't get 60 for the debt." Elon's cult does strange and wonderful things with its money sometimes.

Elon has to find a way to monetise his fanatics before he loses some of them when Twitter tanks.

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