775
Banks are now trying to offload the AI data center debt they just underwrote
(startupfortune.com)
this post was submitted on 14 Oct 2026
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Fucking lol
It’s even better because they signed contracts that guarantee that capacity to OpenAI, guarantee payments to their creditors, and Oracle is on the hook for it all with no outs.
Which is why I think it’s all a play, oracle famously is very lawyer heavy, they wouldn’t sign such stupid deals for no reason.
Greed. The reason was greed. They bought into the hype and thought they could print money.
And all the tech companies are doing it, Oracle was just the sick man of the bunch, and will be the first to fall, dragging the rest down with them.
All because they're offloading trillions in debt to special purpose vehicles, the same thing that tanked Enron, the difference is that Enron, with $400 million in debt, was lying about it, and the current tech companies doing the exact same shit, are disclosing the debt legally, but still hiding it in the fine print of their disclosures.
The debt will still crash the economy, but at least it's out in the open?
Also Larry is not nearly as sharp or thorough as he used to be, and he's turned into a bit of a crumugeonly headstrong dick in his old age. No 82 year old is as sharp as they ised to be, despite how people like to lie about it. No 70 year old feels 40 anymore either. He has made numerous mistakes inside Oracle, and now he has run the whole company straight off a cliff, as aging boomers will tend to do.
isn't he also personally on-the-hook for debt used in recent 'media ventures', too?
Getting AI FOMO and mortgaging your entire company’s future for it. smh
And tanking the entire economy is the process.
Also, Larry Ellison (who can fuck right off) has leaned on his Oracle stock to fiance the buyout of all the media companies he's gobbling up to build yet another right wing propaganda ecosystem.
a bit of leverage against the fed never hurt anyone
At least Wisconsin learned something from the Foxconn scam.
Wisconsin has a preternatural ability not to learn things tho. They're up there with Kansas and Florida.
The Foxconn deal was always a scam, I doubt they learned anything from it, other than to deny before the midterms and then cave to them after, which is I presume the plan.
Wisconsin is so heavily gerrymandered they have one of the worst state governments in the country, and they used to have one of the best.
Edit: Although maybe their supreme court ungerrymandered the state part, or was it the fed part? Either way, they are all crooks and will side with big money after the election you better believe they will try.