This Isn't 2008: What Wall Street Is Actually Building Around AI Debt

A post was written on the internet this week warning that Wall Street is quietly building the same kind of products that blew up the housing market in 2008. It had real numbers in it. It was a scary post. And likely it was read by a lot of people. So I went and looked at what's actually being built. The short version: it isn't 2008. But the reason why is a lot more interesting than the headline, and there's one piece of this that nobody is talking about that flips the whole story on its head. There's also a part where this cycle does rhyme with the last one, and it's not where you'd expect. If you've read one of these posts lately, this episode's for you.