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dgerard@awful.systems

Banks turn data centre loans into 2008-style financial time bombs (pivot-to-ai.com)

submitted 2 days ago by dgerard@awful.systems to c/techtakes@awful.systems

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party like it’s 2007

https://www.youtube.com/watch?v=LuBlliJ8QMU&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260511-banks-turn-data-centre-loans-into-2008-style-time-bombs - podcast

time: 5 min 40 sec

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[–] CinnasVerses@awful.systems 2 points 8 hours ago

Looks like SCHD is not heavily invested in US financial institutions holding the bad debt which is the potential pitfall I saw. Its hard not to invest in banks since they literally have a license to make money, but a lot of them are going to lose money when the chatbot companies can't pay back their loans.

Socially responsible investing / ESG also does pretty well at screening out the surveillance industry.