Sources: some lenders are exploring private deals to sell their data center debt, and some banks are seeking to offload their Oracle-linked loans at a discount
Global lenders explore private deals and risk transfers to cut exposure to AI boom — Banks are hunting for new ways …
Unprecedented borrowing of billions upon billions of dollars for an industty where everyone is losing money hand over fist. — I wonder why banks want to get rid of those debts. [embedded post]
It can't be repeated often enough just how speculative the AI data center boom is. These projects accumulate debt that is plainly unsustainable vs actual observed demand. Promised jobs and tax revenue are dwarfed by hundreds of billions borrowed, more than the Iran War. www.ft.…