• aesthelete@lemmy.world
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    1 day ago

    They’re basically operating as a kinda/sorta backstop on the loans by saying they’ll rent them back if everything falls through and be a guaranteed customer…but I think they did so in snaky legalese that lets them ultimately get away without actually renting them. I think it’s through like subsidiaries and shit. Oracle is one of the actual bag holders and I think there are several others. They set up shell companies for each specific data center project and shit. It’s quite the fucking racket and should pretty obviously be illegal from multiple angles.