Source: The American Prospect
by David Dayen
“One thing I’ve been tracking this year is the areas where Wall Street and Silicon Valley are going to war. Tech firms clearly want to become banking apps and receive special charters, private equity and crypto are jostling for position in worker 401(k) plans, and the tech right in general wants to supplant big banks as the go-to director of conservative business policy. That’s all still going on. But in one area, Silicon Valley and Wall Street are in sync: conjuring up sketchy credit deals that are pointing us toward another financial crash.” (11/19/25)
https://prospect.org/2025/11/19/ai-bubble-bigger-than-you-think/