[dragontamer]

Matt Levine doesn't talk about what's good in finance. Matt Levine talks about what's bad in finance. Very consistently.

If you think that Matt Levine is making something sound sensible, you probably are falling for his dry sense of ironic writing.

[keeda]

That's totally fair, I was saying that Zitron has not discovered anything new, he just seems to have latched on to the next thing that lets him harvest anti-AI sentiment.

What I meant by "sensible" is, if you were in the hyperscalers' shoes and wanted to spend a trillion dollars that you didn't have while minimizing your risks and it's all legal, why would you NOT engage in this kind of financial engineering?

(I know the answer is something like "to avoid a potential economic crash," but hey, we're playing Capitalism here!)