[@davidgerard](https://circumstances.run/@davidgerard )
The GFC comparisons are growing louder
'Speculative data center debt is being repackaged and sold to pension and retirement funds, university endowments, and other institutional investors in a manner eerily reminiscent of the subprime bubble. Private equity firms have purchased life insurers and loaded them with risky debt, exposing policyholders and the public to losses and raising the threat of financial contagion.'
https://ourfinancialsecurity.org/resources/brace-for-impact-protecting-people-and-the-economy-when-the-ai-bubble-bursts/
Well, it worked great in 2008. So let's do it again. I ❤️ Capitalism.