THIS ISGOOD

[davidgerard@circumstances.run]

THIS
IS
GOOD

Blue Owl limits withdrawals from two funds after historic surge in redemption requests

https://www.reuters.com/business/finance/blue-owl-limits-withdrawals-two-funds-investors-flee-2026-04-02/

these guys are the main funders of AI data centres

[prietschka@mastodon.social]

@davidgerard We're nearing the end of all this.

I do wonder how many of these data centers will turn out to be nothing but outright fraud, with maybe a concrete shell, some equipment, but nothing ever really built and the money discreetly siphoned away.

There are some fraudsters making a killing at the moment.

[theentity@social.treehouse.systems]

@davidgerard

Now, I'm not one of them there smart money-talking folks, but "people are trying to get out so fast that we have to stop them from getting their money back" sounds an awful lot one of them bad news "bank run" sorta deals.

[abucci@buc.ci]

@prietschka@mastodon.social @davidgerard@circumstances.run Yeah, once the rich people with fancy lawyers start getting squeezed, they start fighting with one another instead of focusing on screwing the rest of us. Re: the fraud, I also wonder how many of these "deals" were made without public scrutiny, hidden behind NDAs, by local politicians who may not survive politically once all the cards start toppling and nothing gets built.

[indigoviolet@tech.lgbt]

@davidgerard say what’s that distant rumbling sound

[rycochet@furs.social]

@davidgerard Don't worry, it's fine, Blue Owl are selling shovels in a gold rush!

Sure, they've got huge warehouses of shovels they're going to have to pay for and have comitted to building more shovel storage lots, and sure the people buying shovels are running out of money, and their investors are trying to get out of shovels and gold because wealthy people are noticing there may not be much gold there after all... But... Hang on, Chat GPT will come up with a reason why this is all good and normal eventually and they can base a statement on that.

[womble@infosec.exchange]

@davidgerard it's gonna be a hoot.