this post was submitted on 05 May 2026
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Eh, if they're actively talking about it, then it's a lot better than the housing crisis. The big issue there was no one was actually calling the garbage assets garbage. Here they seem to be calling out the risk.
That's not true at all. People were screaming their heads off about the looming crisis.
Maybe my memory isn't right, but I thought the big deal with the 08 crash was that few people saw it coming as the bad assets were bundled together with okay assets hiding their real risk. If AI takes down the economy, it's not going to be surprising to most people as many people are calling out how overleveraged some of these companies are.
nah. everyone knew it was shit but back then, just like now (in fact...they still sling that same old bad collaterized debt shit from back then too)...government is captured by those profiting off of selling the stuff. once the music stops, the powers that be will pretend they had no clue, give a blank check bailout to the corpos and tell everyone else to pound sand.
we've done this dozens of times over by now in the US
Reading further into, it's a mixed bag. There are people calling it out, but some of the movement of funds is to free up more lending.