Lee Duna to Technology@lemmy.worldEnglish • 2 years agoWall Street Embraces AI Despite Risks of Catastrophewww.vice.comexternal-linkmessage-square16fedilinkarrow-up188arrow-down15
arrow-up183arrow-down1external-linkWall Street Embraces AI Despite Risks of Catastrophewww.vice.comLee Duna to Technology@lemmy.worldEnglish • 2 years agomessage-square16fedilink
minus-square∟⊔⊤∦∣≶linkfedilinkEnglish9•2 years agoI strongly suspect the largest catastrophes will be to Wall Street wallets primarily.
minus-squareGravityisTimelinkfedilink4•2 years agonaked shorting catches up one way or another. not to mention plague like swaps hidden from public view too.
minus-square@demonsword@lemmy.worldlinkfedilinkEnglish4•2 years agoWS fat cats will always get bailed by the government, it’s us plebs that are at real risk here… lots of unemployment coming our way
minus-square@Jerkface@lemmy.worldlinkfedilinkEnglish3•2 years agoYes, it will be described in exactly that way, but only in the wake of the next largest transfer of wealth from the middle class and the poor to the rich, which will get a shrug at best.
I strongly suspect the largest catastrophes will be to Wall Street wallets primarily.
naked shorting catches up one way or another. not to mention plague like swaps hidden from public view too.
WS fat cats will always get bailed by the government, it’s us plebs that are at real risk here… lots of unemployment coming our way
Yes, it will be described in exactly that way, but only in the wake of the next largest transfer of wealth from the middle class and the poor to the rich, which will get a shrug at best.