A warning that the financial system could collapse if AI helps Americans avoid low bank interest rates
A post says a large Wall Street firm warned of financial collapse if AI helps Americans avoid the low interest rates banks pay. The author argues that the warning exposes a business model built on those rates.
TLDR
A September 27 post claims one of the world’s largest Wall Street firms warned that the financial system could collapse if AI helps Americans avoid the low interest rates banks pay. The author interprets the warning as an admission that Wall Street’s business model depends on customers getting those rates.
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