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

[samiamsam@mastodon.social]

@davidgerard

privatize the profits

socialize the risk and the bail outs

[bluewaver22@genomic.social]

@davidgerard oh ffs- this does not end well

[maccruiskeen@social.linux.pizza]

@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'?

[davidgerard@circumstances.run]

@maccruiskeen the average memory span of a trader is about five minutes, so