The Billionaire, the Banks, and the Balance Sheet Breakdown
Send a textWhat happens when banks lend $13 billion to a billionaire with a Twitter addiction? Well, let’s just say IFRS 9 wasn’t built for this level of chaos.In this episode, we break down how banks classify investments in debt—Amortised Cost, FVOCI, or FVTPL—and how that classification suddenly matters a lot when your borrower is firing half the staff, scaring off advertisers, and offering AI equity as collateral.We explore:✅ How banks originally classified X’s debt—and why they’re now regretting it.✅ Why they’re offloading this debt at a discount (spoiler: it’s not a good look).✅ What this means for the future of banking, financial reporting, and Musk’s ability to raise money.And just when you think it’s over, we hit you with a real-time update on the great Twitter debt fire sale.It’s finance, but entertaining. It’s IFRS 9, but actually worth listening to.So tune in, absorb the knowledge, and then, as per the show’s unofficial motto—listen in secret and forget this ever happened.You can watch the video of the podcast by clicking here ( @nasirfinancial)
