Matt Levine, Columnist

Hedge Fund Wants to See Just How Much Everyone Dislikes JPMorgan

There's nothing more entertaining than tender offers for RMBS. Wait no there are lots of things. Still.

January 29, 2014 at 7:16 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

Provide news feedback or report an error

Site feedback:

Take our Survey

A rough theory you could have of the mortgage-backed securities problem goes like so:

So it's not a huge surprise that some people think those are lowball settlements? Here is a pretty interesting DealBook article about those people, and particularly Fir Tree Partners, who have come up with the clever idea of buying a bunch of those bonds, rejecting the settlements, and seeking larger, less-round numbers from the banks.