posted in Technology
Banks are now trying to offload the AI data center debt they just underwrote
startupfortune.com/banks-are-now-trying-to-offload-the-ai-data-center-debt-they-just-underwrote/posted in Technology
Banks are now trying to offload the AI data center debt they just underwrote
startupfortune.com/banks-are-now-trying-to-offload-the-ai-data-center-debt-they-just-underwrote/Replying to @HaraldvonBlauzahn@feddit.org
Buckle up kids. It’s gonna be a fun ride.
Replying to @PNW_Doug@lemmy.world
2008 calling? 📞 ✨
Replying to @aim4harmony@lemmy.world
2008 will be a nice memory compared to what’s coming
Replying to @aim4harmony@lemmy.world
Don’t worry, the people responsible in 2008 were held accountable. They also didn’t profit massively off the economic collapse. Frodo also got the ring to Mordor. He had some help, but the ring was ultimately destroyed.
Replying to @danc4498@lemmy.world
One part of that is just a story. As for the other part: I'm glad Frodo made it with help from his friends.
Replying to @danc4498@lemmy.world
My favorite quote from The Big Short:
In the years that followed, hundreds of bankers and rating agency executives went to jail. The SEC was completely overhauled, and Congress had no choice but to break up the big banks and regulate the mortgage and derivatives industries.
Just kidding. Banks took the money the American people gave them, and they used it to pay themselves huge bonuses, and lobby the Congress to kill big reform. And then they blamed immigrants and poor people, and this time even teachers.
Replying to @DickFiasco@sh.itjust.works
Dr. Burry! If the investors withdraw, what's gonna happen here? Are we done?
Honestly, I don't know! The... the... The bonds aren't going down! They won't move! It's possible that we are in a completely fraudulent system.
Or... you're, you're wrong.
Sure! It's possible, I just don't know how!
Replying to @Rhaedas@fedia.io
You’ll never guess Burry’s current companies he’s shorting lol
Replying to @DickFiasco@sh.itjust.works
So true, and God damn so effective.
Replying to @DickFiasco@sh.itjust.works
Obama’s biggest failures are not going after these fuckers and the W war criminals
Replying to @madcaesar@lemmy.world
I thought his biggest failure was his raining hellfire on whistleblowers, kids protesting, and immigrants, but I’m willing to debate this. The real sting is that we had such high hopes and we got …that, instead, and then Biden after. I was so happy when Obama was elected the first time.
Replying to @kreskin@lemmy.world
2009 should have been the end of trying to “reach across the aisle.” 2010 should have been the end of the filibuster.
I never had high hopes, sadly I called it.
For the most part, as usual the democrats did even worse than I thought they would, but I also called that, but they did worse than even I knew they would do worse.
HOPE was his campaign slogan, after all…
They blamed all the foreclosees loudly and publicly despite it being their own fault, while they got bailed out on our tax dollars. Insult to injury the rich blaming the foreclosees hardly even pay any taxes.
Replying to @danc4498@lemmy.world
Who was held responsible? That was a big joke.
Replying to @trolololol@lemmy.world
Sauron
Replying to @danc4498@lemmy.world
One brown man faced legal consequences for the 2008 crash. One brown man.
Replying to @aim4harmony@lemmy.world
Marge is calling
The Simpsons prove to be good prophets again.
Replying to @aim4harmony@lemmy.world
2008 USA had the financial means to avoid the worst. This isn’t the case anymore.
If by fun, you mean existentially bad and the death of the republic in all but name to be replaced ultimately with military rule that will become increasingly despotic while the country burns, then yes, I would agree.
Replying to @PNW_Doug@lemmy.world
Another once in a lifetime event.
Replying to @Kjell@lemmy.world
Replying to @AdolfSchmitler@lemmy.world
GenZ Literally never having seen a functioning economy (at least while being old enough to meaningfully comprehend its existence) I imagine Generation Alpha is gonna have it even more fucked.