2026-10-30 23:22 UTC
Who was in charge ehen banks came begging for money in 2008?
Replies (2)
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@Fluffy_Ruffs@lemmy.world 2026-10-31 03:51
For better or worse, big banks are and were the backbone of the economy. AI is not and I think agree should not be.
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@halcyoncmdr@piefed.social 2026-10-31 01:52
The difference is that the banks are actually necessary for the economy to function. And mitigations were put in place to limit that exposure in the future. Mitigations that have been stripped back again in recent years because of billionaire lobbying. None of the AI companies are necessary for the economy. And the big players that stepped into the quagmire aren’t over leveraged enough to actually be in danger. Only the AI-only companies are in danger. The mega corps like Meta, Microsoft, Google, etc. would be hurt but would survive just fine.