As I warned again this week (Is Elon About To Tap Tesla For Billions in Debt To Bolster Cash—And Help Him Buy Twitter?), Elon's frantic bankers are losing hundreds of millions on junky TWTR 0.00%↑ LBO bonds no one wants to buy.

Now they have given up trying to sell them and so are stuck holding them on their balance sheets for the foreseeable future, as reported by Reuters.

Stay tuned.

Photo: Reuters

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