this post was submitted on 14 Oct 2026
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436
Banks are now trying to offload the AI data center debt they just underwrote (startupfortune.com)
submitted 16 hours ago by HaraldvonBlauzahn@feddit.org to c/technology@lemmy.world
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[–] DickFiasco@sh.itjust.works 98 points 14 hours ago (3 children)

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.

[–] madcaesar@lemmy.world 13 points 10 hours ago (1 children)

Obama's biggest failures are not going after these fuckers and the W war criminals

[–] kreskin@lemmy.world 4 points 4 hours ago (1 children)

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.

[–] jason@discuss.online 1 points 1 hour ago* (last edited 1 hour ago)

2009 should have been the end of trying to "reach across the aisle." 2010 should have been the end of the filibuster.

[–] Rhaedas@fedia.io 15 points 14 hours ago (1 children)

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!

[–] Zer0_F0x@lemmy.world 7 points 13 hours ago

You'll never guess Burry's current companies he's shorting lol

[–] danc4498@lemmy.world 3 points 14 hours ago

So true, and God damn so effective.