773
you are viewing a single comment's thread
view the rest of the comments
[-] historicaldocuments@lemmy.world 8 points 15 hours ago

Like the article says, their internal risk management models are telling them to get the risk off their books.

Taking on the debt in the first place is like agreeing to store a gallon of milk in a fridge for an undetermined amount of time. The milk is going to go bad, and when it does the jug (or bag) might explode forcing a cleanout of the fridge, throwing out other things in the fridge, and maybe replacing the fridge altogether if the milk leaked down into a lot of crevices. Everyone knows the milk will go bad, but the big banks will know how old the fridge is, what coolant it uses, how old the compressor is, how many times a day the fridge has been opened, the average time it stays open, the dairy the cow who produced the milk, and the name of the cow if they can get it. The milk is going bad quicker than expected, and they're finding out they don't want to be the ones to guess when the jug will explode, and they're also finding out that nobody else wants to buy the jug.

Oracle pulling a "god did it" was probably a part of this, but nobody involved is going to give a real answer.

[-] Sir_Premiumhengst@lemmy.world 4 points 14 hours ago* (last edited 14 hours ago)

Uh brother! (or sister on non binary sibling).

You just sell the entire fridge as a sub prime fridge and watch the number go up.

this post was submitted on 14 Oct 2026
773 points (99.1% liked)

Technology

88814 readers
6193 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 3 years ago
MODERATORS