Comment on The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops

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Bronzebeard@lemmy.zip ⁨3⁩ ⁨days⁩ ago

They “loaned” money to companies that immediately turned around and used that money to buy their products… So they got the money back and are only maximum out the production costs of those units if the loaner can’t pay.

But if there is a bankruptcy, they’d be at the front of the line to collect

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