Wall Street is again using insurance guarantees to turn difficult-to-rate credit exposure into highly rated securities. Assholes who wear Vineyard Vines all summer on Wall Street have once again put those Wharton PhD’s to good use by again “discovering” that assets so toxic and illiquid they make drinking cement taste like Fiji water apparently become…

The Central Intelligence Agency (CIA) has warned that artificial intelligence-powered digital nuclear weapons could increase rivalries between already warring nations. CIA Director John Ratcliffe said that “AI tools will only continue to raise the stakes in our competition with all of America’s adversaries.” The United States’ Hypocrisy On Nuclear Weapons It would be “not misplaced to…

For years the official line has been the same: the grid is resilient, the lights will stay on, and the government has a plan. Then you go read what the government actually wrote when it thought nobody outside the Beltway was paying attention. According to Google AI, the government has never issued a warning… BULLSHIT! In…