Wealthion · Thursday, July 2, 2026
Francis Hunt criticizes the idea that citizens should bear the cost of potential drawdowns from data centers, comparing it to socializing the costs of bailouts for financial institutions. He believes this practice, which he refers to as a 'license to bail out an insider core of statist,' unfairly burdens investors and the public.
“And they want to make it with the citizens such that you become accepting that data centers built by Facebook is, uh, is something you have to pick up the can for if you ever have a major drawdown, uh, for holding because it's like having an army. Uh, and I, I would push back against that.”
“That's a license to bail out an insider core of statist at the expense and socialized that cost on the investors and citizenry. You shouldn't be having it.”