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Avocado toast (lemmy.nz)
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[-] skulblaka@sh.itjust.works 41 points 4 days ago

Banks lending infinite money to AI companies: Yes sir I'll hold that bag no problem sir, the government will protect me

[-] AdolfSchmitler@lemmy.world 8 points 4 days ago

Private citizens vs corporations.

"The citizens can eat the losses, it's their fault for being so irresponsible anyway, but we need those companies for the economy." - the government

[-] ltxrtquq@lemmy.ml 7 points 4 days ago

Well yeah, it was a housing crisis in '08, not an AI crisis. Totally different scenario. Just like how no one could have known sub prime mortgages would be a problem then, there's no telling what will happen after throwing everyone's 401ks into AI.

[-] nuachtan@lemmy.world 6 points 4 days ago

That's just the thing. Everyone (in the industry) knew the sub prime market was going to be a problem. My sister worked for a company that specialized in mortgages and said in the early 2000s that the sub prime market was predatory, was lending too much to people that were never in a position to repay the load, and that the whole system was going to crash.

the government knows that protecting the banks costs less than paying out FDIC insurance like they fucking should.

this post was submitted on 27 Oct 2026
1180 points (98.9% liked)

Microblog Memes

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