- Wall Street helped Elon Musk buy Twitter last year by loaning him $13 billion.
- The banks are now preparing to unload the debt, and expect to take a 15% hit, per the WSJ.
- The biggest lenders like Morgan Stanley and Bank of America would lose hundreds of millions of dollars.
The banks which helped Elon Musk take over Twitter are expecting to lose $2 billion on the loans they gave him, according to The Wall Street Journal.