<![CDATA[Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom]]>Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom

what this means is packaging up the data centre loans like toxic waste bombs, pre-Global Financial Crisis style

https://www.ft.com/content/08aba5e4-5834-4e79-a48d-989a2c5bad0f
archive: https://archive.is/GoRyM

]]>https://board.circlewithadot.net/topic/884ba22a-d3e0-4327-89f8-bb15d8675dc9/banks-seek-to-offload-risk-to-avoid-choking-on-data-centre-debt-global-lenders-explore-private-deals-and-risk-transfers-to-cut-exposure-to-ai-boomRSS for NodeFri, 15 May 2026 06:46:06 GMTMon, 04 May 2026 09:19:40 GMT60<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 14:21:57 GMT]]>@maccruiskeen the average memory span of a trader is about five minutes, so

]]>https://board.circlewithadot.net/post/https://circumstances.run/users/davidgerard/statuses/116516750428606933https://board.circlewithadot.net/post/https://circumstances.run/users/davidgerard/statuses/116516750428606933Mon, 04 May 2026 14:21:57 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 14:02:41 GMT]]>@davidgerard 20 years ago the banks were able to sell the CDSs because they lied their asses off about what was in there and the credit rating agencies went along with it. How good are the investors' memories? Do they think 'fool me once' or 'this time is different'?

]]>https://board.circlewithadot.net/post/https://social.linux.pizza/users/maccruiskeen/statuses/116516674711572795https://board.circlewithadot.net/post/https://social.linux.pizza/users/maccruiskeen/statuses/116516674711572795Mon, 04 May 2026 14:02:41 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 13:05:24 GMT]]>@davidgerard oh ffs- this does not end well 🔥

]]>https://board.circlewithadot.net/post/https://genomic.social/users/BlueWaver22/statuses/116516449437036165https://board.circlewithadot.net/post/https://genomic.social/users/BlueWaver22/statuses/116516449437036165Mon, 04 May 2026 13:05:24 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 12:50:12 GMT]]>@davidgerard

privatize the profits

socialize the risk and the bail outs

]]>https://board.circlewithadot.net/post/https://mastodon.social/users/samiamsam/statuses/116516389650184360https://board.circlewithadot.net/post/https://mastodon.social/users/samiamsam/statuses/116516389650184360Mon, 04 May 2026 12:50:12 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 11:49:37 GMT]]>@davidgerard
Rates have already increased grandly everywhere.
Too obviously, you and I are being made to pay.

]]>https://board.circlewithadot.net/post/https://kafeneio.social/users/indyradio/statuses/116516151441291522https://board.circlewithadot.net/post/https://kafeneio.social/users/indyradio/statuses/116516151441291522Mon, 04 May 2026 11:49:37 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 11:48:27 GMT]]>@indyradio these things have every problem you can think of, these loans are *bad* and will default, the banks *know* this, and they're working out who to fob the toxic waste off onto

]]>https://board.circlewithadot.net/post/https://circumstances.run/users/davidgerard/statuses/116516146859091149https://board.circlewithadot.net/post/https://circumstances.run/users/davidgerard/statuses/116516146859091149Mon, 04 May 2026 11:48:27 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 11:45:32 GMT]]>@davidgerard Thanks for the archive. Who will pay for the power those datacenters use? Here is another late reminder that cities need to own and control their use of power. I will of course boost this, if only because it includes an archive link.

]]>https://board.circlewithadot.net/post/https://kafeneio.social/users/indyradio/statuses/116516135377967548https://board.circlewithadot.net/post/https://kafeneio.social/users/indyradio/statuses/116516135377967548Mon, 04 May 2026 11:45:32 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 11:39:45 GMT]]>@passenger

Hopefully pension managers are smart enough by now to avoid that trap, .... and aren't corruptly in some complicit role.

]]>https://board.circlewithadot.net/post/https://neuromatch.social/ap/users/115969802516976292/statuses/116516112686231198https://board.circlewithadot.net/post/https://neuromatch.social/ap/users/115969802516976292/statuses/116516112686231198Mon, 04 May 2026 11:39:45 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 11:17:51 GMT]]>@davidgerard @splinux @takosix

When Koch launched a venture capital outfit, Silicon Valley publicly went hard right.
https://www.axios.com/2017/12/14/koch-tries-its-hand-at-venture-capital-1513277500

First started noticing the AI hype cycle & techno-fascism go into overdrive after visited Google, Thiel, Apple etc in 2018.

Bloomberg - Are you a robot?

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The fossil fuel industry launders its cash via the tech sector, before its fossil fuel asset values collapse, as renewables take hold.

nytimes.com

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Bloomberg - Are you a robot?

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(www.bloomberg.com)

]]>https://board.circlewithadot.net/post/https://mstdn.social/users/Npars01/statuses/116516026579531799https://board.circlewithadot.net/post/https://mstdn.social/users/Npars01/statuses/116516026579531799Mon, 04 May 2026 11:17:51 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 11:06:48 GMT]]>@Ailbhe it was very cool and everything worked out *fine*

]]>https://board.circlewithadot.net/post/https://circumstances.run/users/davidgerard/statuses/116515983109459389https://board.circlewithadot.net/post/https://circumstances.run/users/davidgerard/statuses/116515983109459389Mon, 04 May 2026 11:06:48 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 11:06:35 GMT]]>@whoosh now you might think

]]>https://board.circlewithadot.net/post/https://circumstances.run/users/davidgerard/statuses/116515982230555419https://board.circlewithadot.net/post/https://circumstances.run/users/davidgerard/statuses/116515982230555419Mon, 04 May 2026 11:06:35 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 11:06:00 GMT]]>@splinux @takosix I detail the cluster-clusterfuck a bit here

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AI winter is in the air! But we think the AI bubble keeps going until 2027

After two years’ wait, and Sam Altman talking up how scary smart it was, OpenAI finally released GPT-5! And it was … meh. It could program a bit better? It didn’t do anything else much better…

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Pivot to AI (pivot-to-ai.com)

looking like 2027 was the correct number

we can hear the screeching machinery noises already

]]>https://board.circlewithadot.net/post/https://circumstances.run/users/davidgerard/statuses/116515979932888263https://board.circlewithadot.net/post/https://circumstances.run/users/davidgerard/statuses/116515979932888263Mon, 04 May 2026 11:06:00 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 11:05:22 GMT]]>@pikesley the *best*

]]>https://board.circlewithadot.net/post/https://circumstances.run/users/davidgerard/statuses/116515977492335808https://board.circlewithadot.net/post/https://circumstances.run/users/davidgerard/statuses/116515977492335808Mon, 04 May 2026 11:05:22 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 11:05:06 GMT]]>@gimulnautti works here. try https://archive.ph/GoRyM - or curse DNS

]]>https://board.circlewithadot.net/post/https://circumstances.run/users/davidgerard/statuses/116515976426680034https://board.circlewithadot.net/post/https://circumstances.run/users/davidgerard/statuses/116515976426680034Mon, 04 May 2026 11:05:06 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 11:04:19 GMT]]>@davidgerard

"Sell 'em by the six-pack to public pension funds."

@ddayen

]]>https://board.circlewithadot.net/post/https://neuromatch.social/ap/users/115969802516976292/statuses/116515973338857670https://board.circlewithadot.net/post/https://neuromatch.social/ap/users/115969802516976292/statuses/116515973338857670Mon, 04 May 2026 11:04:19 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 11:04:04 GMT]]>@takosix @davidgerard it takes decades. The 2008 was engineered in the 70, pumped in the 80-90 and started to cripple everything in the 2000s. I don't know, that's what the Big Short movie taught me.

]]>https://board.circlewithadot.net/post/https://mastodon.uno/users/splinux/statuses/116515972358836516https://board.circlewithadot.net/post/https://mastodon.uno/users/splinux/statuses/116515972358836516Mon, 04 May 2026 11:04:04 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 10:57:14 GMT]]>@davidgerard

Oh wait, I've seen this one before!

]]>https://board.circlewithadot.net/post/https://mastodon.social/users/contrasocial/statuses/116515945463884018https://board.circlewithadot.net/post/https://mastodon.social/users/contrasocial/statuses/116515945463884018Mon, 04 May 2026 10:57:14 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 10:54:30 GMT]]>@davidgerard Gosh I wonder what happened after they last did things pre-Global Financial Crisis style

]]>https://board.circlewithadot.net/post/https://mendeddrum.org/users/Ailbhe/statuses/116515934715315614https://board.circlewithadot.net/post/https://mendeddrum.org/users/Ailbhe/statuses/116515934715315614Mon, 04 May 2026 10:54:30 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 10:32:46 GMT]]>@davidgerard

Whenever the 1% screw up big time, they launch a variety of exotic financial instruments to disguise the downward spiral for as long as possible.

In 1929, it was trusts (mutual funds)
https://en.wikipedia.org/wiki/Wall_Street_crash_of_1929

Access Denied

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In 2008 it was Credit Default Swaps, Collateralized Debt Obligations, derivatives, & Mortgage Backed Securities

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2008 financial crisis - Wikipedia

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(en.wikipedia.org)

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Credit default swap - Wikipedia

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Collateralized debt obligation - Wikipedia

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(en.wikipedia.org)

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Subprime mortgage crisis - Wikipedia

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Mortgage-backed security - Wikipedia

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(en.wikipedia.org)

]]>https://board.circlewithadot.net/post/https://mstdn.social/users/Npars01/statuses/116515849301659169https://board.circlewithadot.net/post/https://mstdn.social/users/Npars01/statuses/116515849301659169Mon, 04 May 2026 10:32:46 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 10:06:18 GMT]]>@davidgerard sound like the part of the big short where everyone agree the short instrument should pay out but won't because the bank need to first secure a good position. Or the scene where spiderman is using all its strength to prevent the train from derailing, except in real life, they let the train derail as soon as enough people jumped off

]]>https://board.circlewithadot.net/post/https://mastodon.gamedev.place/users/gkrnours/statuses/116515745232193366https://board.circlewithadot.net/post/https://mastodon.gamedev.place/users/gkrnours/statuses/116515745232193366Mon, 04 May 2026 10:06:18 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 10:05:26 GMT]]>@davidgerard is that good?

]]>https://board.circlewithadot.net/post/https://mastodon.me.uk/users/pikesley/statuses/116515741784704913https://board.circlewithadot.net/post/https://mastodon.me.uk/users/pikesley/statuses/116515741784704913Mon, 04 May 2026 10:05:26 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 10:04:15 GMT]]>@davidgerard ”cavaliers of credit”, anyone?

fyi archive link doesn’t work

]]>https://board.circlewithadot.net/post/https://mastodon.green/users/gimulnautti/statuses/116515737142332977https://board.circlewithadot.net/post/https://mastodon.green/users/gimulnautti/statuses/116515737142332977Mon, 04 May 2026 10:04:15 GMT<![CDATA[Reply to Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom on Mon, 04 May 2026 09:23:37 GMT]]>@davidgerard I can just imagine these toxic waste bombs exploding during the worst oil crisis ever and we are so fucked because the dumbest motherfuckers are in charge of everything it was nice knowing ya 🫡

]]>https://board.circlewithadot.net/post/https://famichiki.jp/users/takosix/statuses/116515577358075219https://board.circlewithadot.net/post/https://famichiki.jp/users/takosix/statuses/116515577358075219Mon, 04 May 2026 09:23:37 GMT