bobalot@lemmy.world to Fuck AI@lemmy.world · 1 day agoThe AI Bubble survives on $1.65 Trillion in hidden debtyoutu.beexternal-linkmessage-square25linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkThe AI Bubble survives on $1.65 Trillion in hidden debtyoutu.bebobalot@lemmy.world to Fuck AI@lemmy.world · 1 day agomessage-square25linkfedilink
minus-squareFlashMobOfOne@lemmy.worldlinkfedilinkarrow-up0·17 hours agoSounds very Enron. Enron hid much of its debt by calling it ‘preferred shares’ issued to creditors, just straight up lying.
minus-squareAngryCommieKender@lemmy.worldlinkfedilinkarrow-up0·14 hours agoFrom what I understand, the main difference between what they are doing and Enron, is that they’ve had 25+ years to lobby Congress to make it legal.
Sounds very Enron.
Enron hid much of its debt by calling it ‘preferred shares’ issued to creditors, just straight up lying.
From what I understand, the main difference between what they are doing and Enron, is that they’ve had 25+ years to lobby Congress to make it legal.