βAI backed securitiesβ, simultaneously a sensible development of the current economic situation and a howling nightmare of zombie finance beset with the shrieks of the damned (thatβs what βAAAβ sounds like)
Another great addition to the nightmare marriage of Silicoln Valley and Wall Street that we pray to break down everyday but alsl realize that any such event will leave the entire world economy looking a lot like 2008 in the very best case scenario.
they call it Silly Coin valley now that all the actual silicon is manufactured elsewhere
The SEC said a major subset of data-center securitizations donβt need to have disclosures and investor protections that similar deals require. That includes risk retention, a requirement that companies issuing asset-backed securities retain some of the debt to better align their interests with investors.
haha that won't come back to bite anyone I'm sure


























