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[–] 42 points 1 week ago (4 children)

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

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  • [–] 8 points 1 week ago (1 child)

    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.

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  • [–] 6 points 1 week 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.

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