[Leaning Right]

> Situational had borrowed money from banks to amplify its bets on stocks. <

Hard to believe that a bank would loan money on such a risky investment. But I guess banks aren’t as conservative as I remember.

[catnipman]

and this:

“under pressure to raise cash ... through ... new capital commitments”

sounds a lot like a Ponzi Scheme ...

at any rate looks like the AI-bust is happening MUCH faster than predicted ...