Haha. Everyone with half a brain knew what this was, and where it was going.
rlook1000 on
ENTER – AIG
Straight_Document_89 on
Derivatives. Isn’t this like the mortgage credit swaps crap back in 2008?
MrValdemar on
Let me guess:
In a couple years we’ll have another movie with Margot Robbie in a bathtub explaining how a bunch of morons collapsed the economy again?
Along with Ryan Gosling’s character narrating „Look, you wouldn’t think I could get rich betting on financial ruin *AGAIN* but here we go…“
ThePlasticSturgeons on
Someone else in another thread summed this up perfectly: It’s a solution looking for a problem. The fact that the feeding frenzy got so out of control is a testament to the ability of greed to override common sense/experience.
coredweller1785 on
What a waste. Imagine investing that in healthcare, education, housing, and other things we need.
That is how you create a true boom. More people with the floor beneath them able to innovate and create.
Who is left holding the bag for “insurance against losses”?
aeyraid on
Let me guess they are gonna split the loans and repackage them? Fucking great where have I heard this becore
-CJF- on
Don’t worry, I’m sure the taxpayers will bail them out.
technocraticnihilist on
Why is this sub so anti AI?
Catch_ME on
Too much money was printed from 2008. AI investments wouldn’t have ever gotten this out of control of there wasn’t as much money out there.
OneRougeRogue on
>*“The rush has left some lenders over-exposed, so they’re using a series of tools — credit derivatives, sophisticated bonds and some newer financial products.“*
…..yeah that sounds pretty alarming. I’m no economics major, but doesn’t, „banks are trying ’new financial products‘ to shed risk“ generally mean, „banks are throwing shit at the wall, hoping to convince rich idiots to hold part of their bag“?
Like, it’s not like banks have a history of saving their best ideas for last. If these „new financial products“ were actually expected to yield lucrative returns, they wouldn’t be new financial products, now would they? They’d be *old* financial products.
The article mentions some of these products are, „baskets of credit swaps tied to tech companies“ or something. Sooooo banks are realizing that they are screwed if these tech companies fail, so they are promoting baskets of bullshit that will be worthless if these same companies fail?
TwoWeaselsInDisguise on
Not a bubble though…
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AI slop are killing it.
Burst, burst, burst.
We all get to hold the bag after they cash out
Haha. Everyone with half a brain knew what this was, and where it was going.
ENTER – AIG
Derivatives. Isn’t this like the mortgage credit swaps crap back in 2008?
Let me guess:
In a couple years we’ll have another movie with Margot Robbie in a bathtub explaining how a bunch of morons collapsed the economy again?
Along with Ryan Gosling’s character narrating „Look, you wouldn’t think I could get rich betting on financial ruin *AGAIN* but here we go…“
Someone else in another thread summed this up perfectly: It’s a solution looking for a problem. The fact that the feeding frenzy got so out of control is a testament to the ability of greed to override common sense/experience.
What a waste. Imagine investing that in healthcare, education, housing, and other things we need.
That is how you create a true boom. More people with the floor beneath them able to innovate and create.
America is pretty much doomed at this point.
I guess they aren’t making money anymore.
Want an easy way to farm karma? Post an „AI Bubble“ article to [r/technology](https://www.reddit.com/r/technology/).
[It](https://www.reddit.com/r/technology/comments/1p6fhhq/comment/nqrq7ze/?context=3) happens [literally ](https://www.reddit.com/r/technology/comments/1o4t6o2/the_ai_bubble_is_17_times_the_size_of_the_dotcom/)every [day](https://www.reddit.com/r/technology/comments/1o3qiok/a_tangled_web_of_deals_stokes_ai_bubble_fears_in/), and [people](https://www.reddit.com/r/technology/comments/1oug3oi/big_short_investor_michael_burry_accuses_ai/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1) still [fall](https://www.reddit.com/r/technology/comments/1orzzdc/debt_has_entered_the_ai_boom/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) for [it](https://www.reddit.com/r/technology/comments/1pcaqvf/ibm_ceo_says_there_is_no_way_spending_trillions/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button).
Who is left holding the bag for “insurance against losses”?
Let me guess they are gonna split the loans and repackage them? Fucking great where have I heard this becore
Don’t worry, I’m sure the taxpayers will bail them out.
Why is this sub so anti AI?
Too much money was printed from 2008. AI investments wouldn’t have ever gotten this out of control of there wasn’t as much money out there.
>*“The rush has left some lenders over-exposed, so they’re using a series of tools — credit derivatives, sophisticated bonds and some newer financial products.“*
…..yeah that sounds pretty alarming. I’m no economics major, but doesn’t, „banks are trying ’new financial products‘ to shed risk“ generally mean, „banks are throwing shit at the wall, hoping to convince rich idiots to hold part of their bag“?
Like, it’s not like banks have a history of saving their best ideas for last. If these „new financial products“ were actually expected to yield lucrative returns, they wouldn’t be new financial products, now would they? They’d be *old* financial products.
The article mentions some of these products are, „baskets of credit swaps tied to tech companies“ or something. Sooooo banks are realizing that they are screwed if these tech companies fail, so they are promoting baskets of bullshit that will be worthless if these same companies fail?
Not a bubble though…