https://www.quinnemanuel.com/the-firm/publications/client-alert-emerging-litigation-risks-in-financing-ai-data-centers-boom/

[davidgerard@circumstances.run]

Client Alert: Emerging Litigation Risks in Financing AI Data Centers Boom

Client Alert: Emerging Litigation Risks in Financing AI Data Centers Boom - See Quinn Emanuel's latest Publications

(www.quinnemanuel.com)

"Lenders who originated data center loans—including the private credit facilities described in Section A—have begun pooling those loans and selling tranches to asset managers and pension funds, spreading risk well beyond the original lending institutions."

IS
THIS
FUCKING
GOOD

[pikesley@mastodon.me.uk]

@davidgerard

Ryan Gosling certainly getting a lot of value out of those Jenga blocks

[cmthiede@social.vivaldi.net]

@davidgerard of course, let "the people" shoulder the risk

[jonny@neuromatch.social]

@davidgerard fuck dog this is going to be such a nightmare.

[theorangetheme@en.osm.town]

@davidgerard Hmmm... selling junk debt that everyone knew was bad and spreading it throughout the broader financial system? Close enough. Welcome back, 2006! (Can we have the same RAM prices, too?)

[nan@mastodon.green]

@davidgerard We're doing ALL THE DIFFERENT FINANCIAL CRISES AT ONCE!?

[walker@infosec.exchange]

@davidgerard good unless your pension buys the potentially bad debt and the value tanks.

Sigh. haven't we seen this story before.