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amluto • today at 3:36 AM • 0 replies • view on HN

> In 2007, It was regular people who lost their homes and their leveraged investment properties.

And the debt on which these owners defaulted had been converted into CDOs and mortgage-backed securities, it was financial institutions and investors who lost enormous amounts of money on these.

Today there are GPU-backed securities and compute futures that are helping back all the debt that is financing the datacenter boom. Maybe it’s a bubble, maybe it’s not a bubble, but either way I think its parallel to 2007.