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Joined 2 years ago
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Cake day: November 23rd, 2023

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  • Right, loans and stock market shenanigans are different animals. I assumed you were talking about the former given the context of “how did OpenAI find the money to pay AMD $78bn”.

    In retrospect, I suppose options could have played a factor… but then again this level of ratfuckery is well beyond my understanding, so you could tell me Santa gave them the money and it’d make just as much sense.


  • Your collateral is now useless, give me more collateral or pay me back

    I’m no economist, but I’m pretty sure that’s not how loan contracts work. The lender is taking a risk and is agreeing to accept the offered collateral as insurance against the debt. They can’t just decide they don’t like the collateral any more and unilaterally change the terms.

    That’d be like if you took out a mortgage to buy a $300K house for a $250K sale price, and then a flood comes through and damages the property to the point that it’s only worth $200K, and the bank came knocking and said “pay it back or at least fork over another $100K so we feel comfy again.”