Uploaded May 2026 | Updated September 2026, 3 hours ago

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party like it’s 2007

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CORRECTION: of course you don't "lend" the tranches out. You *sell* them (as financial products).

Sources:

Banks seek to offload risk to avoid ‘choking’ on data centre debt ft.com/content/08aba5e4-5834-4e79-a48d-989a2c5bad0f?syn-25a6b1a6=1

Previously on Pivot to AI:

Silicon Valley and Wall Street invent collateralized GPU obligations. Surely this will work out fine pivot-to-ai.com/2024/11/04/silicon-valley-and-wall-street-invent-collateralized-gpu-obligations-surely-this-will-work-out-fine
Pumping the AI bubble: a data center funding craze with ‘novel types of debt structures’ pivot-to-ai.com/2024/11/19/pumping-the-ai-bubble-a-data-center-funding-craze-with-novel-types-of-debt-structures

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