Comment Re:BS (Score 1) 51
This thread started because someone said banks would be fine because they can repo the server farms when the bubble bursts.
Those server farms will be worth a fraction of what the bank lent the company to buy them.
Even if they can somehow manage to sell them for 75% of what they paid, with these companies talking about borrowing trillions of dollars to build these places, that would mean losses to the banks of many hundreds of billions of dollars. And in the real world they'll be lucky to get 50%.
I'm really not sure why this is proving hard to understand.
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