this post was submitted on 14 Oct 2026
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Banks are now trying to offload the AI data center debt they just underwrote (startupfortune.com)
submitted 2 days ago by HaraldvonBlauzahn@feddit.org to c/technology@lemmy.world
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[–] DickFiasco@sh.itjust.works 128 points 2 days ago (4 children)

My favorite quote from The Big Short:

In the years that followed, hundreds of bankers and rating agency executives went to jail. The SEC was completely overhauled, and Congress had no choice but to break up the big banks and regulate the mortgage and derivatives industries.

Just kidding. Banks took the money the American people gave them, and they used it to pay themselves huge bonuses, and lobby the Congress to kill big reform. And then they blamed immigrants and poor people, and this time even teachers.

[–] bedwyr@piefed.ca 9 points 1 day ago

They blamed all the foreclosees loudly and publicly despite it being their own fault, while they got bailed out on our tax dollars. Insult to injury the rich blaming the foreclosees hardly even pay any taxes.

[–] madcaesar@lemmy.world 30 points 2 days ago (1 children)

Obama's biggest failures are not going after these fuckers and the W war criminals

[–] kreskin@lemmy.world 19 points 2 days ago (3 children)

I thought his biggest failure was his raining hellfire on whistleblowers, kids protesting, and immigrants, but I'm willing to debate this. The real sting is that we had such high hopes and we got ...that, instead, and then Biden after. I was so happy when Obama was elected the first time.

[–] manxu@piefed.social 6 points 1 day ago

HOPE was his campaign slogan, after all...

[–] jason@discuss.online 11 points 1 day ago* (last edited 1 day ago)

2009 should have been the end of trying to "reach across the aisle." 2010 should have been the end of the filibuster.

[–] bedwyr@piefed.ca 6 points 1 day ago

I never had high hopes, sadly I called it.

For the most part, as usual the democrats did even worse than I thought they would, but I also called that, but they did worse than even I knew they would do worse.

[–] Rhaedas@fedia.io 21 points 2 days ago (1 children)

Dr. Burry! If the investors withdraw, what's gonna happen here? Are we done?

Honestly, I don't know! The... the... The bonds aren't going down! They won't move! It's possible that we are in a completely fraudulent system.

Or... you're, you're wrong.

Sure! It's possible, I just don't know how!

[–] Zer0_F0x@lemmy.world 14 points 2 days ago

You'll never guess Burry's current companies he's shorting lol

[–] danc4498@lemmy.world 3 points 2 days ago

So true, and God damn so effective.