Lemmynated@lemmy.zip to Technology@lemmy.zipEnglish · 1 month agoBanks seek to offload risk to avoid ‘choking’ on data centre debtwww.ft.comexternal-linkmessage-square11linkfedilinkarrow-up147
arrow-up147external-linkBanks seek to offload risk to avoid ‘choking’ on data centre debtwww.ft.comLemmynated@lemmy.zip to Technology@lemmy.zipEnglish · 1 month agomessage-square11linkfedilink
minus-squarereddig33@lemmy.worldlinkfedilinkEnglisharrow-up25·1 month agoAre they going to cut up the debt and repackage it to sell to investors, like they did with the subprime mortgages years ago?
minus-squareOwOarchist@pawb.sociallinkfedilinkEnglisharrow-up17·1 month agoLook, they took a big risk, and now that their gamble is going bad, they need a way to make sure that the working class pays the price for their mistake. After all, they deserve special treatment and bailouts because they’re risk takers.
Are they going to cut up the debt and repackage it to sell to investors, like they did with the subprime mortgages years ago?
Look, they took a big risk, and now that their gamble is going bad, they need a way to make sure that the working class pays the price for their mistake. After all, they deserve special treatment and bailouts because they’re risk takers.