Groups including JPMorgan Chase, Morgan Stanley and SMBC are trying to find ways to distribute portions of data centre-related deals to a broader range of investors, according to people familiar with the matter.
Lenders are exploring private deals to sell stakes in the debt as well as so-called risk transfers to reduce exposure to big borrowers and free up capacity for more lending.
This gives me strong deja vu for the housing crisis of '08.
so-called risk transfers to reduce exposure to big borrowers and free up capacity for more lending.
That sounds like it should be highly illegal.
“Hey, we know this crash is coming, and we’re going to leave you with the bill for it even though we profited enormously off of the bubble economy which directly resulted in the inevitable crash. And while we wait for that crash to happen, we’re going to continue milking that bubble for the last few scraps of profit that we can squeeze out of it, which we will also leave you with the bill for when it finally crashes.”
What? You don’t want to buy a few tranches of GPU backed securities?
Why do I think that there is a government bailout brewing?
It’s like they suddenly realized that “data center leased to Oracle” but financed by them and owned by a no-name company with no assets and considerable liabilities is a bad idea.
Also, would not be surprised to find the company is a shell company and after the finance and legal teams are paid, the income shifts back through shell companies to the parent company, which is somehow Oracle, but with no legal responsibility to the lenders or municipality.
Even if my supposition is not accurate, just the first statement should have stopped them cold.
they finally realized OPENAI is full of sht, even to the point THIEL came out of the woodworks trying to make some wild claims about AI, and then Jensen haung getting very nervous recently too. likely his palantir which we dont know the extent of thier AI must be faltering somewhere/not earning enoug profit, because Israels use of palantir is really just using us taxpayers money.
